Fed to Conclude Bear Stearns and JPMorgan Arrangements by June 26
On Thursday morning, the Federal Reserve Bank of New York announced
its intentions to conclude arrangements for the financing of
JPMorgan’s acquisition of Bear Stearns by June 26 and
finish valuating the investment bank’s portfolio.
“The New York Fed, in coordination with JPMorgan Chase, is working
carefully and expeditiously to…
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