William Bee, the head bank stock trader at Bear, Stearns & Co., has left the firm.

Officials at the investment bank declined to comment, but people familiar with the situation said that Mr. Bee left Nov. 3. His departure followed a reorganization of Bear Stearns' corporate finance and fixed- income businesses. Some investment bankers involved in underwriting for subprime mortgage and auto finance companies have also recently left the firm.

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