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
ISSN: 2151-1845 / CDC10004H
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