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)

How this entity was disambiguated

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 (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
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 New York
linked to: Manhattan

New York City
United States
industry brokerage
financial services
investment banking
keyRoleIn global financial crisis of 2007–2008
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 U.S. Securities and Exchange Commission
stockExchangeListing New York Stock Exchange
subsidiary Bear Stearns Asset Management
Bear Stearns Home Equity Trusts (securitization entities)
linked to: Bear Stearns
tickerSymbol BSC
tradedAs component of the S&P 500 Index (historically)

How these facts were elicited

Referenced by (16)

Full triples — surface form annotated when it differs from this entity's canonical label.

JPMorgan Chase precededBy Bear Stearns
2008 United States housing and financial crisis majorEvent Bear Stearns collapse and rescue
linked to: Bear Stearns
Bear Stearns subsidiary Bear Stearns Home Equity Trusts (securitization entities)
linked to: Bear Stearns
David Malpass employer Bear Stearns
Jerome Kohlberg Jr. employer Bear Stearns
BSC refersTo Bear Stearns Companies Inc.
linked to: Bear Stearns
BSC issuer Bear Stearns
James Cayne employer Bear Stearns
James Cayne boardMemberOf Bear Stearns
James Cayne hasEmployer Bear Stearns & Co. Inc.
linked to: Bear Stearns
Bear Stearns Asset Management partOf Bear Stearns Companies Inc.
linked to: Bear Stearns
David Malpass employer Bear Stearns
subject linked to: Malpass
Alan Schwartz employer Bear Stearns
Harold C. Mayer coFounded Bear Stearns
Harold C. Mayer employer Bear Stearns