Bear Stearns and CITIC set alliance (Reuters via Yahoo! News)

Story date: 2007-10-22 10:49:00
Added on: 2007-10-22 17:00:20

Bear Stearns Cos, a U.S. investment bank that has been battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday.


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