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The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 during the 2007–2008 financial crisis and the Great Recession. After its closure it was subsequently sold to JPMorgan Chase.
Sep 22, 2024 · 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...
Sep 30, 2018 · Bear Stearns was the first domino to fall in the 2008 financial crisis. Chairman Jimmy Cayne is blamed for missing bad bets. Risky mortgages, too much debt and poor oversight led...
Apr 27, 2021 · 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 associated risks. Here, we'll examine how hedge funds...
Mar 14, 2010 · Two years ago on Sunday, Treasury Secretary Hank Paulson called up Alan Schwartz, the chief executive of Bear Stearns, and told him the jig was up. “Alan, you’re in the government’s hands now,”...
Nov 9, 2022 · Fact checked by. Katrina Munichiello. In 2008, JPMorgan Chase & Co. (NYSE: JPM) announced that it would acquire Bear Stearns in a stock-for-stock exchange that valued the bank at $2 per share....
Jan 2, 2022 · James Cayne, who was the chief executive of the investment bank Bear Stearns as it lurched into the global financial crisis, died on Tuesday in Long Branch, N.J. He was 87. His death, at a...
May 10, 2009 · 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 March 16, 2008 -- making...
Jul 9, 2010 · The introduction to The Rise and Fall of Bear Stearns by its retired head and legendary trader “Ace” Greenberg begins with a scene that took place on the weekend in March 2008 when investment...
Mar 14, 2018 · Key Points. J. P. Morgan originally agreed to pay $2 a share for Bear Stearns, with the Federal Reserve promising to cover $30 billion of mortgage securities to get the deal done. The bank...
