Bear Stearns is in the center of the bulls eye. On Friday, the brokerage firm said a serious liquidity crisis had prompted it to secure an emergency loan from rival JPMorgan Chase. Bear's stock plummeted 47% and the firm ended the week imperiled.
 |
| As a Bear Stearns liquidity crisis rattles markets, more woes are expected in the coming week when Goldman Sachs, Lehman Brothers and Morgan Stanley announce earnings. |
Blogged with the Flock Browser
No comments:
Post a Comment