Bear Stearns gets Fed funding as shares plummet
(Reuters)
Source: Yahoo News Published March 14, 2008 @ 8:31am PDT
Reuters - JPMorgan Chase & Co and the
Federal Reserve Bank of New York on Friday agreed to provide
emergency financing to Bear Stearns after the
investment bank said its cash position had deteriorated
sharply, sending its shares into freefall. [full article]
