Bear Stearns receives short-term emergency funding to prevent its collapse
Bear Stearns receives short-term emergency funding to prevent its collapse
Shares of embattled broker plunge by as much as 53% after it says it will tap emergency funding from JPMorgan and N.Y. Fed in effort to fend off collapse.
Battered Wall Street brokerage Bear Stearns said Friday that it is receiving short-term emergency funding to prevent its [...]