(Reuters) - Bear Stearns Cos. Inc. on Friday 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 [ID:nN22483393]
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 Bonds News
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 [ID:nN22483393]
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 Bonds News
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