Good news all around
March 24th, 2008
Two very key news announcements were made today. The Bear Stearns buyout by JP Morgan has a new pricetag of $10 per share and the Sirus XM merger will be completed. Read more…
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Bear Stearns buyout by JP Morgan
March 16th, 2008
JP Morgan and the Federal Reserve acted in a buyout to prop up Bear Stearns falling investment bank investments. Bear Sterns was disproportionally hit by the credit crunch, causing it to nearly go bankrupt. An agreement between JP Morgan and the Federal Reserve to buy up the banks assets and protect its clients and borrowers. Read more…