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Discover historical prices for BSC stock on Yahoo Finance. View daily, weekly or monthly format back to when 1315901 stock was issued.
- BSC Interactive Stock Chart | 1315901 Stock - Yahoo Finance
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- 1315901 (BSC) Stock Price, News, Quote & History - Yahoo Finance
Find the latest 1315901 (BSC) stock quote, history, news and...
- BSC Interactive Stock Chart | 1315901 Stock - Yahoo Finance
Download Historical Stock Quotes for Bear Stearns Companies Inc (the) [NYSE,BSC] in a range of formats.
- What Was Bear Stearns?
- Understanding Bear Stearns
- The Bear Stearns Hedge Fund Collapse
- JPMorgan Chase Buys Bear Stearns' Assets
- Lehman Brothers Collapse
- The Bottom Line
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 securitiesthat turned into toxic assets when the underlying loans began to default. Bear Stears was ultimately sold to JPMorgan Chase at a fraction of its pre-crisis value.
The Bear Stearns company was founded in 1923 and survived the Stock Market Crash of 1929, becoming a global investment bank with branches around the world. Competent management and risk-taking saw Bear Stearns continue to grow with the global economy. It was one of the many firms to embrace Lewis Ranieri'ssecuritization of debt to create new financ...
The hedge funds using these strategies posted massive losses that required them to be bailed out internally, costing the company several billion upfront and then additional billion-dollar losses in writedownsthroughout the year. This was bad news for Bear Stearns, but the company had a market cap of $20 billion, so the losses were considered unfort...
With insufficient liquidity to open its doors, Bear Stearns approached the Federal Reserve Bank of New York for a cash loan of $25 billion. When that was denied, JPMorgan Chase agreed to buy Bear Stearns for $2 a share, with the Federal Reserve guaranteeing $30 billion in mortgage-backed securities. The final price was ultimately raised to $10 a sh...
The illiquidity that Bear Stearns faced due to its exposure to securitized debt exposed troubles at other investment banks, as well. Many of the biggest banks were heavily exposed to this sort of investment, including Lehman Brothers, a major lender of subprime mortgages. By 2007, Lehman Brothers held $111 billion in real-estate assets and securiti...
Formerly one of the largest investment banks on Wall Street, the collapse of Bear Stearns is now regarded as a cautionary tale against corporate greed and the whims of the free market. In the housing bubble of the early 2000s, Bear Stearns leaned heavily into mortgage-backed securities, vastly underestimating the risks of the subprime housing marke...
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Jan 19, 2018 · 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...
- Missy Sullivan
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.
