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The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 as part of the global financial crisis and recession. After its closure it was subsequently sold to JPMorgan Chase.
Fact checked by. Hans Daniel Jasperson. What Was Bear Stearns? Bear Stearns was a global investment bank located in New York City that collapsed during the 2008 financial crisis. The bank was...
Bear Stearns played a pivotal role in the Financial Crisis of 2007–2008: It was the first Wall Street institution to collapse and be “bailed out” by the U.S. government due to its risky...
Bear Stearns was an investment bank that survived the Great Depression only to succumb to the Great Recession. Founded in 1923, it became the fifth-largest investment bank by 2008. In 2006, it produced a record $9.23 billion in revenue. By 2007, that had fallen to $5.95 billion.
May 9, 2009 11:59 pm ET. Bear Stearns Cos., the 85-year-old Wall Street firm known for its tough trading culture, was rescued from impending bankruptcy by a deal with J.P. Morgan Chase & Co. on...
On March 16, 2008, Bear Stearns, the 85-year-old investment bank, narrowly avoids bankruptcy by its sale to J.P. Morgan Chase and Co. at the shockingly low price of $2 per share. Bear Stearns...
By Lananh Nguyen and Kate Kelly. Published Jan. 2, 2022 Updated Jan. 4, 2022. James Cayne, who was the chief executive of the investment bank Bear Stearns as it lurched into the global financial...
Updated April 27, 2021. Reviewed by. Robert C. Kelly. The headline-grabbing collapse of two Bear Stearns hedge funds in July 2007 offers a look into the world of hedge fund strategies and their...
Updated November 09, 2022. Reviewed by. Thomas J. Catalano. Fact checked by. Katrina Munichiello. In 2008, JPMorgan Chase & Co. (NYSE: JPM) announced that it would acquire Bear Stearns in a...
Fifteen years before SVB Financial crumbled, Bear Stearns, one of the world's largest investment banks with around $400 billion in assets, headed toward bankruptcy. That triggered federal...