Fed clears path for JP Morgan/Bear Stearns deal

The US Federal Reserve has cleared the way for JP Morgan Chase & Co to acquire troubled Bear Stearns’ bank holdings.

Fed clears path for JP Morgan/Bear Stearns deal
Wed, 02 Apr, 2008 - 08:49

The US Federal Reserve has cleared the way for JP Morgan Chase & Co to acquire troubled Bear Stearns’ bank holdings.

The approval allowed JP Morgan to acquire Bear Stearns Bank & Trust in Princeton, New Jersey, the Fed said.

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CourtsBusinessHeathrowPlace: Princeton, New JerseyPlace: New JerseyOrganisation: FedOrganisation: JP MorganOrganisation: Bear StearnsOrganisation: US Federal ReserveOrganisation: JP Morgan Chase & CoOrganisation: Bear Stearns’Organisation: Bear Stearns Bank & TrustOrganisation: Bear Stearns CosOrganisation: Bears Stearns Bank & Trust
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