Us Bank Is Hit by Crisis in Funding ; in Association with Rbs
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Summary
US bank Bear Stearns has been given emergency funding, in a move that echoes the beginning of Northern Rock's travails last September.
The American bank has asked the Federal Reserve of New York and rival bank JP Morgan Chase to provide the money for 28 days as its finances are hit by the credit crunch. JP Morgan is also trying to get long-term financing for Bear Stearns.See the full content of this document
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Us Bank Is Hit by Crisis in Funding ; in Association with Rbs
Bear Stearns, which has been at the centre of the US mortga...
See the full content of this document
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