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JPMorgan Chase quintupled its original bid for Bear Stearns to $10 a share on Monday after its initial offer for the beleaguered Wall Street bank was undone by legal snags and furious opposition from Bear shareholders who viewed it as far too low.
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World markets suffered fresh turmoil Monday as investors dumped both stocks and the dollar on fears more US banks could be vulnerable to the credit crisis that crippled...
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New York:
A woman passes a branch of Chase Bank in New York’s financial district Friday, Sept. 26, 2008. The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift’s banking assets to JPMorgan Chase & Co. for $1.9 billion.
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