(Reuters) - Bear Stearns said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages. But sources said a second fund is still working out a restructuring plan with creditors. For details, see
Bear Stearns, the fifth-largest U.S. investment bank, has held tense negotiations with creditors for more than a week after two funds suffered big losses from bad investments in securities linked to subprime mortgages and other forms of debt.
Read more at Reuters.com Business News
Bear Stearns, the fifth-largest U.S. investment bank, has held tense negotiations with creditors for more than a week after two funds suffered big losses from bad investments in securities linked to subprime mortgages and other forms of debt.
Read more at Reuters.com Business News
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