Finance / United States
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Don't Bank On An Easy Ride
May 2008 | Closing BellSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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On May 30 a sombre 10 minute shareholder meeting officially saw the end of Bear Stearns, the worst casualty of the credit crisis thus far. Bear Stearns, the 85 year old brokerage, was sold for US$1.4bn to JP Morgan Chase. And with other US banks struggling, the outlook is grim.