NEW YORK, March 16 (Reuters) - JPMorgan Chase (JPM.N) said on Sunday that investment bank Bear Stearns Inc. BSC.N would still be open for business and that its deal to buy the rival helped avoid a fire sale of Bear Stearn's assets.
A JPMorgan executive said on a conference call on Sunday that Bear's positions would be de-levered in an orderly fashion. (Reporting by Joseph Giannone and Megan Davies)
© Thomson Reuters 2009 All rights reserved
Join the Reuters Consumer Insight Panel and help us get to know you better
Reuters.com:
Help and Contact Us |
Advertise With Us |
Mobile |
Newsletters |
RSS
|
Labs |
Archive |
Site Index |
Video Index
Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers
International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
