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$236 million
- By Saturday, J.P. Morgan Chase concluded that Bear Stearns was worth only $236 million.
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Sep 22, 2024 · The company was ultimately sold to JPMorgan Chase for $10 a share, well below its value before the crisis. The collapse of Bear Stearns precipitated a wider collapse in the investment banking...
Bear Stearns was founded as an equity trading house on May 1, 1923, by Joseph Ainslie Bear, Robert B. Stearns and Harold C. Mayer with $500,000 in capital (equivalent to $8,941,406 in 2023). Internal tensions quickly arose among the three founders.
Mar 17, 2008 · JPMorgan Chase agreed on Sunday to buy Bear Stearns, the stricken US investment bank, for about $236m in shares in a deal that puts an end to Bear’s 85 years of independence and highlights the...
Jan 19, 2018 · By Saturday, J.P. Morgan Chase concluded that Bear Stearns was worth only $236 million. Desperately seeking a solution that would stop Bear’s failure from spreading to other over-leveraged...
- Missy Sullivan
Jan 8, 2015 · Bear Stearns had a market value of $3.5 billion on Friday, and $20 billion in January 2007. The Federal Reserve is guaranteeing $30 billion in the bank’s “less-liquid assets”—mostly...
Mar 14, 2024 · Bear Stearns, a prominent global investment bank, met its demise during the 2008 financial crisis due to heavy exposure to toxic mortgage-backed securities. It was sold to JPMorgan Chase at a fraction of its pre-crisis value.
Apr 27, 2021 · Learn how a deadly mix of greed and leverage cost investors millions with the collapse of Bear Stearns' hedge funds.
