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.

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Morgan Chase & Co (NYSE: JPM) has agreed to pay roughly USD500m to settle a class-action lawsuit over nearly USD18bn worth of poor mortgage-backed securities sold by Bear Stearns Cos., the WSJ has reported, citing a court document and a person familiar with the matter.

J.P. Morgan set to pay USD500m to settle lawsuit

JPMorgan has said most of its mortgage-backed securities came from Bear Stearns Cos. and Washington Mutual Inc., troubled companies that JPMorgan acquired in 2008.

JPMorgan, govt. finalize $13 billion deal; Record settlement over bad mortgages

Now, in Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself, Bair takes us inside the rough-and-tumble world of Washington decision-making and we learn for the first time about many fateful, life-or-death decisions concerning securities firms, thrifts and banks--including The Bear Stearns Cos. Inc., Lehman Brothers Holdings Inc., IndyMac Bank, Washington Mutual Bank and Wachovia--that fell like dominoes.

Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself

After earning a Bachelor's degree in finance at NYU and an MBA at Harvard, Paulson toiled in the financial world, working at Bear Stearns Cos., Odyssey Partners and Gruss Partners, before starting his eponymous Paulson & Co.

Billionaire Hedge Fund Manager John Paulson Donates $100 Million To New York's Central Park

As the subprime mortgage crisis began to trigger losses in bank portfolios, Bernanke used emergency authority last year to purchase securities from Bear Stearns Cos. and facilitate its merger with JPMorgan Chase & Co.

Limiting Fed Independence Would aeImpairAE Economy

At the onset of the continuing massive corporate meltdowns, the Justice Department unveiled indictments against two former hedge-fund senior managers for Bear Stearns Cos., citing fraud and conspiracy.

E-mails--fast, easy, and dangerous: caution is advised before you hit "send"

GoldmanEoe1/4aos trading revenue in 2009 will top its 2007 record as the firm profits from reduced competition after the collapse of rivals, including Lehman Brothers and Bear Stearns Cos., according to Bank of America analyst Guy Moszkowski in New York.

Goldman to see big profits again

-69 109.23 KeyCorp -64 99.98 Bear Stearns Cos. N/A 96.08 CIT Group -87 90.25 Sovereign Bancorp -79 84.75 Loews Corp.

Three funerals and a wedding

government orchestrated the sale of Bear Stearns Cos., the fifth-largest brokerage, to JPMorgan Chase & Co.

3RD LD: Goldman Sachs, Morgan Stanley to become bank holding firms

government stepped in to rescue the mortgage giants Fannie Mae and Freddie Mac just last week, and had used federal guarantees to midwife the sale of the Bear Stearns Cos. earlier this year.

Paulson draws the line

A week that opened with fearful questions over the soundness of the financial system following the near collapse of Bear Stearns Cos. ended on a more upbeat note, thanks in large part to the Fed's efforts to inject both liquidity and calm into the markets.

Wall Street wrapped up a gyrating week of massive volatility with a big advance Thursday that kept stocks higher for the week but didn't quell all of investors' concerns about the economy and the credit markets

Stocks plummeted after the New York Fed and JPMorgan Chase & Co stepped in with short-term financing for Bear Stearns Cos., the fifth-largest US investment bank.