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Wounded Bear Scrambles for a Savior

Stearns hopes to find a quick buyer in troubled times

By Wesley Oliver, Newser Staff

Posted Mar 15, 2008 3:38 PM CDT

(Newser) – What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include... Read full story »

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Wounded Bear Scrambles for a Savior

Stearns hopes to find a quick buyer in troubled times

Wall Street • Federal Reserve • Bear Stearns • Citibank • HSBC • emergency funding • Madison Avenue • subprime crisis • JPMorgan Chase

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More Newser Stories

Baffled Execs Say Rumor Killed Stearns

They claim hedge funds, Goldman Sachs invented bad news for profit

Cramer: Never Seen Wall Street This Bad

Analyst sees no end in sight for layoffs and write-downs

JPMorgan Leads Hunt to Place Bear Workers

Firm pitches in to help 5K employees laid off after takeover

JPMorgan in Talks to Boost Bear Stearns Bid

Attempt to mollify furious Bear stockholders

Investors Ask: Who's Next?

Wall Street survived the near-collapse of Bear Stearns, but there's more trouble ahead

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