Yahoo Canada Web Search

Search results

  1. People also ask

  2. Sep 22, 2024 · When that was denied, JPMorgan Chase agreed to buy Bear Stearns for $2 a share, with the Federal Reserve guaranteeing $30 billion in mortgage-backed securities.

  3. 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.

    • Missy Sullivan
  4. Sep 20, 2018 · Former Bear Sterns CEO Alan Schwartz explains how the Federal govenrment stepped in and set the historic price of $2 a share for Bear Stearns and its sale to JPMorgan Chase.

    • 3 min
  5. Mar 14, 2018 · J. P. Morgan originally agreed to pay $2 a share for Bear Stearns, with the Federal Reserve promising to cover $30 billion of mortgage securities to get the deal done. The bank originally...

  6. Dec 1, 2010 · Bear Stearns likely would have been unable to avoid bankruptcy on Monday, March 17, without either very large injections of liquidity from the Federal Reserve or an acquisition by a stronger firm. JPMorgan Chase and Co. (JPMC) emerged as the only viable bidder for Bear Stearns, and on Sunday, March 16, Bear Stearns accepted an offer to merge ...

  7. Mar 14, 2013 · The sale represented the Federal Reserve dodging a bullet – it managed to steer the firm into the hands of Jamie Dimon and JPMorgan by backstopping on a portfolio of nearly $30 billion in...

  8. Jan 8, 2015 · The Federal Reserve is guaranteeing $30 billion in the bank’s “less-liquid assets”—mostly mortgage-backed securities that Bear can’t sell.

  1. People also search for