(Bloomberg) -- U.S. stocks fell on concern hedge-
fund losses at Bear Stearns Cos. may signal wider problems in
credit markets.
Bear Stearns, the second-biggest U.S. underwriter of
mortgage bonds, dropped after people with knowledge of the
company's proposal said it plans to take on $3.2 billion of
loans to stave off the collapse of a hedge fund. Citigroup Inc.,
JPMorgan Chase & Co. and Moody's Corp. also declined.
Read more at Bloomberg Stocks News
fund losses at Bear Stearns Cos. may signal wider problems in
credit markets.
Bear Stearns, the second-biggest U.S. underwriter of
mortgage bonds, dropped after people with knowledge of the
company's proposal said it plans to take on $3.2 billion of
loans to stave off the collapse of a hedge fund. Citigroup Inc.,
JPMorgan Chase & Co. and Moody's Corp. also declined.
Read more at Bloomberg Stocks News
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