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03-17-2008
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,579
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Rival bank picks up Bear Stearns for bargain price
NEW YORK - JPMorgan Chase & Co has today bought stricken rival Bear Stearns at the bargain-basement price of around US$236 million.Bear Stearns' cash reserves were drained by fleeing customers on Thursday, and on Friday the bank...
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