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.
All labels observed (5)
| Label | Occurrences |
|---|---|
| Bear Stearns canonical | 11 |
| Bear Stearns Companies Inc. | 2 |
| Bear Stearns & Co. Inc. | 1 |
| Bear Stearns Home Equity Trusts (securitization entities) | 1 |
| Bear Stearns collapse and rescue | 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 ⓘ Robert B. Stearns ⓘ |
| 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 (16)
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)
this entity surface form:
Bear Stearns & Co. Inc.
this entity surface form:
Bear Stearns Companies Inc.