US bank gets emergency funds

[Legal Beagles]

Japan stocks plunge 3pc

JAPANESE stocks tumbled more than 3 per cent in early trade this morning on a stronger yen and growing fears about the US economy after the near-collapse of US bank Bear Stearns.

More...

[Legal Beagles]

Markets shocked by US rate cut

INVESTORS have dumped shares today after the US Federal Reserve in a shock move lowered the lending rate it charges to banks and bank shares plunged as the sub-prime mortgage crisis in the US deepens.

More...

[Legal Beagles]

Regulators watching closely - Rudd

PRIME Minister Kevin Rudd says the country's regulators are closely monitoring developments in global financial markets after the US Federal Reserve had to help bail out US investment bank giant Bear Stearns over the weekend.

More...

[Legal Beagles]

Bear Stearns Bank Crisis Sparks Stock Market Worries

Investors are braced for more turmoil today with the dramatic rescue of US investment bank Bear Stearns causing severe worries in stock markets across the world.

More...

[Legal Beagles]

Ailing US bank in rescue plan

JPMorgan Chase is to acquire ailing US bank Bear Stearns for $2 a share, a fraction of its previous value.

Click here to read more...

[Legal Beagles]

Bear Stearns Bank Crisis Sparks Stock Market Slides

Shares across the world have dived after the dramatic rescue of US investment bank Bear Stearns caused severe worries in the stock markets.

More...

[Legal Beagles]

Gold and oil soar amid market turmoil

Gold and oil prices shot up to hit fresh record highs overnight as turmoil in stock markets intensified, with news that Bear Stearns, America's fifth largest bank, has been sold to JP Morgan at a knockdown price

More...

[Legal Beagles]

Markets plummet on banking woes

European and Asian stock markets slump in reaction to the emergency sale of US bank Bear Stearns.

More...

[Legal Beagles]

Markets tumble after Bear Stearns rescue fails to reassure

Billions of pounds wiped off UK banking shares as markets reel from Bear Stearns bailout. By Fiona Walsh

More...

[Legal Beagles]

FAQ: Bear Stearns banking crisis

US investment bank Bear Stearns, America's fifth-largest bank, has been sold to rival JP Morgan Chase at a knockdown price of $2 a share, valuing it at $236m (£117m). Last week it was worth $140bn

More...

[Legal Beagles]

Bear Stearns staff fear for their jobs - and stock options

Stunned dealers and traders at Bear Stearns, the ailing US investment bank rescued by rival JPMorgan Chase, turned up for work on Monday to find the value of their stock options in tatters and the future of their jobs up in the air

More...