TITLE

Boon For JPMorgan Is Disaster For Bear Stearns

AUTHOR(S)
S., M.; K., R.
PUB. DATE
March 2008
SOURCE
High Yield Report;3/24/2008, Vol. 19 Issue 12, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Bear Stearns by JPMorgan Chase in U.S. The take over includes large staff of leveraged finance division that will add to JPMorgan's leveraged loan and high yield bond. It was bought for $2 per share that was questioned by shareholders. The Federal Reserve will set a lending facility and is looking for stability to Bear Stearn's failure that may affect the economy.
ACCESSION #
31433071

 

Related Articles

  • Iowa Sen. Grassley to Look Into Fed's Role in Bear-JPMorgan Deal. Sanchez, Humberto // Bond Buyer;3/24/2008, Vol. 363 Issue 32841, p4 

    The article reports on the plan of Senator Charles Grassley to evaluate the significant role of Federal Reserve in Bear Stearns & Co. Inc. and J.P. Morgan Chase & Co.'s acquisition agreement in Washington. Senator Grassley instruct its staff to conduct a thorough investigation on the details of...

  • Fed: Bear Portfolio Loan Was $28.8B.  // American Banker;6/30/2008, Vol. 173 Issue 125, p2 

    The article reports that the U.S. Federal Reserve Board loaned close to $30 billion on June 27, 2008 to complete the purchase of the portfolio of Bear Stearns Cos. The loan was part of the takeover of Bear Stearns by JP Morgan Case & Co. Topics include subprime mortgage delinquencies, the health...

  • Bear Stearns accepts emergency funding.  // Mortgage Strategy;3/17/2008, p7 

    The article reports on the emergency funding received by Bear Stearns & Co. Inc. from JP Morgan Chase & Co. and the U.S. Federal Reserve in the U.S. The emergency funding will allow JP Morgan to provide the necessary liquidity for Bear Stearns. Alan, Schwartz, president of Bear Stearns said that...

  • Steering clear of trouble. Mark, Roy; Perelman, Deb // eWeek;3/24/2008, Vol. 25 Issue 10, p33 

    The article reports on the assistance offered by the JP Morgan and the Federal Reserve Board in the U.S. to the Bear Stearns & Co. Inc., an 85-year-old firm, to prevent for potential collapse. The latter has been falling due to increasing subprime mortgage crisis that resulted to the lost of its...

  • Federal Reserve Board Approves Merger of Bank One and J.P. Morgan. Fitts, Nelson O.; Herlihy, Edward D.; Kim, Richard K.; Makow, Lawrence S.; Neill, David S.; Wasserman, Craig M. // Venulex Legal Summaries;2004 Q2, p1 

    The article reports that the Board of Governors of the Federal Reserve System approved the merger of Bank One Corp. and J. P. Morgan Chase & Co. in a comprehensive and detailed 63-page order. The significance of the order in a number of respects is discussed. The factors considered by the Board...

  • Papering Over the Problem. Burman, Wilson // American Conservative;4/7/2008, Vol. 7 Issue 7, p8 

    The article offers the author's views on the bailout of Bear Stearns & Co., from acquisition by J.P. Morgan Chase & Co., by the U.S. Federal Reserve which extended credit through J.P. Morgan and agreed to bear the risk of loss on Bear's collateral. The author states that the deal, made on behalf...

  • The History of a Powerful Paragraph. Fettig, David // Region (10453369);Jun2008, Vol. 22 Issue 2, p33 

    The article addresses the legality of the action made by the U.S. Federal Reserve Board, authorizing the Federal Reserve Bank of New York to lend $29 billion to JPMorgan Chase in relation to its purchase of Bear Stearns. Section 13, paragraph three of the Federal Reserve Act states that the...

  • By Any Means Necessary. Crook, Clive // National Journal;3/22/2008, Vol. 40 Issue 12, p11 

    The article looks at several actions made by the U.S. Federal Reserve (Fed). It states that the Fed has cut the benchmark interest rate to just 2%, had sweeten the sale of Bear Stearns to J.P. Morgan Chase with $30 billion of loans secured against Bear's assets and also widened the class of...

  • THE DOW AND NASDAQ "RECOVER," BUT MEDIA STOCKS DON'T.  // Media Industry Newsletter;4/7/2008, Vol. 61 Issue 14, p1 

    The article reports that Wall Street concluded the March 31, 2008 end-of-first quarter positively despite the dollar's weak performance last March, $100-per-barrel oil prices and the U.S. Federal Reserve Board's directed discounted sale of Bear Stearns stocks to JP Morgan. From February 28-April...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics