Goldman Sachs
Search results
On March 20, SEC Chairman Christopher Cox said the collapse of Bear Stearns was due to a lack of confidence, not a lack of capital. Cox noted that Bear Stearns' problems escalated when rumors spread about its liquidity crisis which in turn eroded investor confidence in the firm.
James E. "Jimmy" Cayne (February 14, 1934 – December 28, 2021) was an American businessman and CEO of Bear Stearns. In 2006, he became the first Wall Street chief to own a company stake worth more than $1 billion, but he lost most of that in the 2007–2008 collapse of Bear's stock and sold his entire stake in the company for $61 million.
Apr 30, 2023 · 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 securities that turned into...
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.
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
Apr 27, 2021 · The headline-grabbing collapse of two Bear Stearns hedge funds in July 2007 offers a look into the world of hedge fund strategies and their associated risks. Here, we'll examine how hedge...
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.
