JPMorgan to sell Bear Stearns asset-management unit:

05/19/2008 | Financial Week

JPMorgan Chase will liquidate or spin off most of Bear Stearns' asset-management arm. About a third of the unit's 400 employees are expected to get offers from JPMorgan Chase when the merger is completed next month. The unit had previously been seen as a selling point in the Treasury-brokered rescue of Bear Stearns.

View Full Article in:

Financial Week

Published in Brief: