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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.
- James Cayne
James E. "Jimmy" Cayne (February 14, 1934 – December 28,...
- James Cayne
Apr 30, 2023 · Learn about the history and downfall of Bear Stearns, a global investment bank that failed during the 2008 financial crisis. Find out how it was sold to JPMorgan Chase, what happened to its investors, and what role deregulation played in its demise.
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 · Bear Stearns was the first domino to fall in the 2008 financial crisis. Chairman Jimmy Cayne is blamed for missing bad bets. Risky mortgages, too much debt and poor oversight led to Bear’s...
Jul 21, 2023 · Bear Stearns played a pivotal role in the Financial Crisis of 2007–2008: It was the first Wall Street institution to collapse and be “bailed out” by the U.S. government due to its risky...
Jul 23, 2012 · To stop that from happening to the Bad Boys of Bear, we're decided to track down Ace, Jimmy and the rest of the gang to see where they are. This story is available exclusively to Business Insider...
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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...