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Things At JPM Too Awkward For Schwartz To Stick Around

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Charlie Gasparino reports that former Bear CEO Alan "We've Got Liquidity Coming Out Of Every Orifice" Schwartz will leave Bearpont Morgan Stearns at the end of the summer. Schwartz has apparently been "working on some deals" at Bearpont, but decided--as did senior executives at the firm-- that the fit wasn't quite right. According to Gasparino, Amphibious Al has not yet decided what to do next, though a small boutique firm, major bank (please say Lehman), and private equity shop are all in the hopper.
Earlier: Alan Schwartz Declining Offer From JPMorgan Cayne?