JPMorgan, Federal Reserve move to rescue Bear Stearns

Fri Mar 14, 2008



Bear Stearns shares fell more than 50% in trading on the New York Stock Exchange this morning following news that JPMorgan Chase and the New York Federal Reserve had agreed to provide the firm with an emergency infusion of capital.

The fifth largest U.S. securities firm, Bear Stearns had previously denied that it was having difficulty accessing capital, but...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now