TITLE

A New Bear Deal Shows Fed's Need For Speed

AUTHOR(S)
Davenport, Todd
PUB. DATE
March 2008
SOURCE
American Banker;3/25/2008, Vol. 173 Issue 57, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports on the involvement of the U.S. Federal Reserve Bank in the buyout of Bear Stearns Co. Inc. by JPMorgan Chase & Co. The amount of money which JPMorgan has borrowed from the Federal Reserve to complete its buyout of Bear Stearns is mentioned. The Federal Reserve's opinions regarding JPMorgan's buyout of Bear Stearns are discussed.
ACCESSION #
31441202

 

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