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

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