383, Madison Avenue, Midtown East, Manhattan Community Board 5, Manhattan, New York County, New York, 10017, United StatesJPMorgan Chase
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins77% CONFIDENCEOverall confidence: 77%How well the pin's source and references back up its dates.Weighted average of how firmly 5 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The Federal Reserve[1][5] release, last updated March 16, 2008, states "The Board also approved the financing arrangement announced by JPMorgan Chase & Co. and The Bear Stearns Companies Inc."On Sunday 16 March 2008 JPMorgan Chase agreed to buy the collapsing Bear Stearns at US$2 a share, with the New York Fed funding US$30 billion of its assets and the Fed opening a new lending facility to primary dealers.
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