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March 16 Bear Stearns collapses, sold to J.P. Morgan Chase On March 16, 2008, Bear Stearns, the 85-year-old investment bank, narrowly avoids bankruptcy by its sale to J.P. Morgan Chase and...
Bear Stearns was a global investment bank located in New York City that collapsed during the 2008 financial crisis. The bank was heavily exposed to mortgage-backed securities that turned into...
The collapse of Bear Stearns’ stock price caused Cayne, who joined the company in 1969, to lose about $1 billion. Cayne, now 84, could not be reached for comment. Before he ascended to the...
On December 20, 2007, Bear Stearns announced its first-ever loss. Bear Stearns lost $859 million for the fourth quarter and announced a $2 billion write-down of its subprime mortgage holdings. 8 Moody's downgraded its debt from A1 to A2. 9
While it's hard to know exactly what Jimmy Cayne, Bear's CEO until January of 2008, meant by those words, it isn't difficult to conclude that the public and humiliating failure of the bank...
July 17, 2007 —In a letter sent to investors, Bear Stearns Asset Management reported that its Bear Stearns High-Grade Structured Credit Fund had lost more than 90% of its value, while the Bear...
The Lessons of the Bear Stearns Failure. By Daniel Gross On 4/1/09 at 8:00 PM EDT. Business. William D. Cohan knows Wall Street from the inside out. A former investment banker at Lazard Freres ...
Bear Stearns Collapse Costly to Many March 17, 20084:00 PM ET Heard on All Things Considered Scott Horsley Twitter Listen Listen Playlist Download Transcript Many people lost big money as Bear...