Bear Stearns
E63634
Bear Stearns was a major American investment bank and brokerage firm that collapsed during the 2008 financial crisis and was acquired by JPMorgan Chase.
Observed surface forms (2)
| Surface form | As subject | As object |
|---|---|---|
| Bear Stearns Home Equity Trusts (securitization entities) | 0 | 1 |
| Bear Stearns collapse and rescue | 0 | 1 |
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
brokerage firm
→
financial services company → investment bank → |
| acquiredBy | JPMorgan Chase → |
| acquisitionAnnounced | March 2008 → |
| acquisitionCompleted | 2008 → |
| acquisitionPricePerShare |
10 USD (revised agreement)
→
2 USD (initial agreement) → |
| bailedOutBy |
Federal Reserve emergency lending programs
→
surface form:
Federal Reserve (through financing of JPMorgan deal)
|
| businessArea |
clearing services
→
equities trading → fixed income trading → prime brokerage → |
| ceo |
Alan Schwartz
→
James Cayne → |
| chairman | James Cayne → |
| country |
United States of America
→
surface form:
United States
|
| dateFounded | 1923 → |
| dissolved | 2008 → |
| fate | acquired by JPMorgan Chase → |
| formerType | public company → |
| foundedAs | brokerage house → |
| founder |
Harold C. Mayer
→
Joseph Ainslie Bear NERFINISHED → Robert B. Stearns NERFINISHED → |
| headquartersLocation |
Manhattan
→
surface form:
New York
New York City → United States of America →
surface form:
United States
|
| industry |
brokerage
→
financial services → investment banking → |
| keyRoleIn |
global financial crisis of 2007–2008
→
2008 United States housing and financial crisis →
surface form:
subprime mortgage crisis
|
| legalIssue | SEC and DOJ investigations related to mortgage securities → |
| liquidityCrisis | experienced severe run on liquidity in March 2008 → |
| majorEvent | collapse during the 2008 financial crisis → |
| notableCompetitor |
Goldman Sachs
→
Lehman Brothers → Morgan Stanley → |
| notableFor |
collapse of hedge funds tied to subprime mortgages in 2007
→
heavy exposure to mortgage-backed securities → near-failure that intensified the 2008 financial crisis → |
| notableOffice | headquarters at 383 Madison Avenue, Manhattan → |
| numberOfEmployees | about 15000 → |
| parentCompanyAfterAcquisition | JPMorgan Chase → |
| ratingDowngrade | credit ratings cut shortly before collapse in 2008 → |
| regulator |
Securities and Exchange Commission
→
surface form:
U.S. Securities and Exchange Commission
|
| stockExchangeListing | New York Stock Exchange → |
| subsidiary |
Bear Stearns Asset Management
→
Bear Stearns self-linksurface differs →
surface form:
Bear Stearns Home Equity Trusts (securitization entities)
|
| tickerSymbol | BSC → |
| tradedAs | component of the S&P 500 Index (historically) → |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Bear Stearns collapse and rescue
this entity surface form:
Bear Stearns Home Equity Trusts (securitization entities)