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Jul 17, 2023 · The picture of a $2 bill stuck to the front door of Bear Stearns global headquarters in New York became a defining image of the financial crisis. Credit: Reuters
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Sep 30, 2018 · The collapse of Bear Stearns in 2008 was stunning, both for how fast it happened and because Jimmy Cayne, who had led the bank through years of success, was apparently asleep at the wheel.
By 2008 Cayne had lost nearly 95% of his fortune as a result of the collapse of Bear Stearns. Cayne has been the subject of various press reports since the Bear collapse, including the fact that he sold his stake in the company for $61 million after its crash.
Jul 14, 2023 · The night JPMorgan Chase & Co. agreed to buy the bank for $2 a share, a $2 bill was taped to the revolving door of Bear Stearns’s headquarters — a prank that created one of the defining images of the financial crisis. But the people behind it remained a secret.
Mar 16, 2018 · The collapse of Bear Stearns' stock price caused Cayne, who joined the company in 1969, to lose about $1 billion. Cayne, now 84, could not be reached for comment.
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Apr 30, 2023 · Bear Stearns was an investment bank that collapsed during the subprime mortgage crisis in 2008. Read what happened after the Bear Stearns bailout.
