Bear Stearns Gets Fed Funding as Shares Plummet

March 13, 2008

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.

*For more on this story,

read the full Reuters article.

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Bear Stearns Gets Fed Funding as Shares Plummet

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