Bear Stearns

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Bear Stearns

A former investment bank and brokerage that provided services in capital markets, clearance and wealth management. It was noted for the issue of asset-backed securities, especially of mortgages. It was established in 1923 and became a subsidiary of JP Morgan Chase as the result of a fire sale in 2008.
References in periodicals archive ?
Prior to Deutsche Bank, Boutry was a senior managing director at Bear Sterns & Co.
Seegers initially became interested in the FX market working at Bear Sterns as a summer analyst.
Because of the imminent collapse of the Bear Sterns brokerage, one of the critical precipitating events of the financial crisis.
She was chief economist and vice president at the investment bank Bear Sterns in the 1980s.
Conjecture among shareholders and industry observers alike has been inevitable, since Mayfair is not registered in the UK, but is believed to be a vehicle for the billionaire Bahamas-based investor Joe Lewis, who remains a significant international investor despite losing around pounds 500m in the collapse of American company Bear Sterns.
government orchestrated the sale of Bear Sterns Cos.
The government yesterday refused to get involved after Lehman filed for bankruptcy, unlike previous cases such as the collapse of Freddie Mac and Fannie Mae, or Bear Sterns.
Although US authorities had facilitated lining up buyers for the troubled investment house, Treasury Secretary Henry Paulson has remained adamant that tax payers' funds would not be used to bail out the firm as had been done with Bear Sterns as well as mortgage giants Fannie Mae and Freddie Mac.
Martin Slaney, at GFT Global Markets, said yesterday, "Today is all about Bear Sterns.
Chancellor Alistair Darling was also quizzed by the Commons Treasury committee who contrasted the rapid rescue of US bank Bear Sterns to the drawn out response to Northern Rock's difficulties.
During the summer of 2004, he interned in the mortgage finance division of Bear Sterns & Co.
After a few years of investment banking at Bear Sterns and Goldman Sachs, he went back to school and received his MBA from the Wharton School of Business at the University of Pennsylvania.