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Bear Stearns

Bear Stearns

Entity Type
Investment Bank
Industry
Finance, Investments & Asset Management
Location
New York City
Founding Date
1923
Key Date
2008
Parent Entity
JP Morgan Chase & Co

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. Bear Stearns collapsed during the subprime mortgage crisis in 2008 and the company's assets were ultimately disposed of to JP Morgan Chase for pennies on the dollar.

  • Founded in 1923

Bear Stearns Involvement in 2008 Mortgage Crisis

  • was deeply involved in the subprime mortgage criss
  • announced it's first loss in 80 years in December 2007 from the crisis
  • bonds were downgraded to junk by Moody's in January 20078

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