Shares in JPMorgan Chase fell 9 percent Friday on news that the bank lost $2 billion over six weeks due to "self-inflicted" mistakes. Jeffrey Brown, The Wall Street Journal's Liz Rappaport, Michael Greenberger of the University of Maryland School of…
By Admin and PBS NewsHour
More central banks across the world cut interest rates Thursday, hoping to quash a global economic slump that is spreading faster than policymakers had anticipated.
Question/Comment: Will JPMorgan Chase have to assume all of Bear Stearns’ debt? Paul Solman: Nope. The Fed covers the first $30 billion dollars of Bear Stearns losses — $30…
By PBS NewsHour
Stock indexes rose in early Monday trading after banking giant JP Morgan Chase & Co. confirmed reports that it had quadrupled its offer for troubled investment bank Bear Stearns Co.
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