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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.
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. Prior to the financial collapse, Bear...
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.
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.
Mar 4, 2009 · Bear Stearns, the fifth-largest U.S. investment bank, survived the 9/11 attacks unscathed, just as it had survived unscathed every other major crisis since its founding in 1923, among them: the...
Mar 30, 2008 · Bear Stearns’s storied reputation on Wall Street included a knack for hiring so-called P.S.D.s — workers who were Poor, Smart and had a deep Desire to become rich.
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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 funds...
