Bear Stearns(redirected from Bear Stearns & Co. Inc.)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved