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 ?
He has also served as a senior managing director and co-head, broker dealer and investment advisor services at Bear Sterns, and a vice president at Credit Suisse (NYSE: CS) (ZHR: CSGN) (CSGN.
Bear Sterns was the subject to class action due to its sale of $17.
Just ask employees of Enron or Bear Sterns about this crucial maxim.
Seegers initially became interested in the FX market working at Bear Sterns as a summer analyst.
Lehman Brothers and Bear Sterns, two staple Wall Street banks, crumbled under extraordinary circumstances.
Because of the imminent collapse of the Bear Sterns brokerage, one of the critical precipitating events of the financial crisis.
Previously he has worked with Bear Sterns, Morgan Stanley (NYSE: MS), and also with Merrill Lynch, now part of Bank of America (NYSE: BAC).
Central was leveraged at a rate of 50 to 1, compared to 40 to 1 at Bear Sterns when it failed.
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.
A la cabeza de la Reserva Federal de Nueva York, intermediaria tradicional entre el banco central estadounidense y los mercados financieros, estuvo en primera linea en el rescate del banco Bear Sterns en marzo y en otras medidas excepcionales de apoyo a la economia tomadas por la Fed.
government orchestrated the sale of Bear Sterns Cos.