Jimmy Cayne
latest news & developmentsJP Morgan to buy Bear, Fed opens lending to Wall Street
JP Morgan Chase set a deal to buy stricken rival Bear Stearns for a rock-bottom price, while the United States Federal Reserve expanded lending to securities firms for the first…
Credit-crunch woes claim fifth-biggest US bank
The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis…