Sustain Stearns collapses, offered so you're able to J.P. Morgan Chase
For the , Bear Stearns, the latest 85-year-dated resource bank, narrowly stops personal bankruptcy by the business so you're able to J.P. Morgan Chase and you can Co. from the shockingly low cost of $2 per display.
Having an inventory , Sustain Stearns seemed to be driving highest. However, its broadening engagement throughout the hedge-finance team, instance which have high-risk financial-recognized bonds, flat ways for this being one of the basic casualties of the subprime financial crisis that led to the good Market meltdown.Read more
