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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.
- May 1, 1923; 100 years ago
Apr 30, 2023 · Bear Stearns was a global investment bank that collapsed during the 2008 financial crisis due to its exposure to mortgage-backed securities. It was sold to JPMorgan Chase for $10 a share, well below its value before the crisis. The collapse of Bear Stearns precipitated a wider collapse in the investment banking industry and took down Lehman Brothers.
Sep 30, 2018 · New York CNN Business — Bear Stearns was on fire. And its colorful chairman, Jimmy Cayne, was playing cards. Smart Take. Bear Stearns was the first domino to fall in the 2008 financial...
Jan 19, 2018 · Learn how the investment bank Bear Stearns, one of the first casualties of the subprime mortgage crisis, avoided bankruptcy by selling to J.P. Morgan Chase for $2 per share in March 2008. Find out the causes, consequences and sources of this historic event.
- Missy Sullivan
Oct 30, 2021 · Bear Stearns was an investment bank that survived the Depression and the Great Recession, but succumbed to the subprime mortgage crisis in 2008. The Fed saved it from bankruptcy by lending to Chase, which purchased it for $2 a share. The Fed also charged the managers of two hedge funds with fraud for lying about their losses.
- Kimberly Amadeo
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Apr 27, 2021 · Learn how two Bear Stearns hedge funds collapsed in 2007 due to leveraged credit strategies using CDOs and CDSs. The article explains the investment structure, the mistakes of the fund managers, and the causes of the implosion of the funds. It also compares this strategy with other hedge fund strategies and the risks of investing in them.
Nov 9, 2022 · Learn how Bear Stearns, a leading investment bank, failed in 2008 amid the global financial crisis. Explore the role of its two hedge funds, the subprime mortgage market, the liquidity crunch and the JPMorgan acquisition.
