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Apr 30, 2023 · Bear Stearns was a New York City-based global investment bank and financial company that was founded in 1923. It collapsed during the 2008 financial crisis.
Oct 30, 2021 · 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.
- Kimberly Amadeo
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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
Sep 30, 2018 · The smallest investment bank on Wall Street had survived the Great Depression, Black Monday and the September 11 terror attacks. But by March 2008, clients and trading partners were bolting the...
Nov 9, 2022 · Bear Stearns was an investment bank that collapsed during the subprime mortgage crisis in 2008. Read what happened after the Bear Stearns bailout.
Mar 14, 2010 · If it borrows short and lends (or invests) long, it is a bank. Officially, Bear Stearns and Lehman Brothers were investment companies; Washington Mutual was a savings & loan; AIG was an...