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The Latest Breaking News from Bear Stearns

Jimmy Dunne, who helped broker original PGA Tour-PIF deal, named to board of one of golf’s major players

The Wall Street shaker has been named to the board of directors of one of golf's most influential companies.

USA Today Sports Media Group

Ten years after leaving Carlyle Churchill is making billions

Ken Kencel, a Drexel Burnham alum, is head of Churchill Asset Management, a leading direct lender.

Fortune

Goldman Sachs’ CEO was rejected twice by the firm

You’re less likely to get hired at Goldman Sachs than accepted into Harvard.

Fortune

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A Clear Signal of More Pain Ahead for Bank Stocks

The collapse of the banking sector back in 2008 left some important learning lessons for traders and investors. 15 years those lessons are repeating themselves again. Will we see the same reaction as we did in 2008?

Barchart

What Happened to Bear Stearns? Who Bought It?

Bear Stearns played a pivotal role in the Financial Crisis of 2007–2008: It was the first Wall Street institution to collapse and be “bailed out” by the U.S. government due to its risky investment practices involving subprime mortgages. In 2008, a mind-boggling amount of leverage on Bear Stearns’ ...

The Street

What Happened to Lehman Brothers? Why Did It Fail?

At the height of the Financial Crisis of 2007–2008, Lehman Brothers, one of the world’s oldest and largest investment banks with assets upwards of $600 billion, toppled. Its spectacular implosion happened during an already turbulent time for financial markets and only added fuel to the fire. On ...

The Street

Market rally remind JP Morgan’s Bob Michele of the calm before Lehman collapse

The current market rally is reminiscent of the immediate relief following JP Morgan's purchase of Bear Stearns in March 2008, six months before Lehman collapsed.

Fortune

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Jamie Dimon says he won’t be buying any more failed banks: ‘It’s a lot of work’

“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.

Fortune

Recent banking crises are rooted in a system that rewards excessive risk-taking -- as First Republic's failure shows

First Republic Bank became the second-biggest bank failure in U.S. history after the lender was seized by the Federal Deposit Insurance Corp. and sold to JPMorgan Chase on May 1, 2023. First Republic is the latest victim of the panic that has roiled small and midsize banks since the failure…

The Conversation

JPMorgan CEO Jamie Dimon reportedly leading discussions on First Republic rescue

JPMorgan's 2008 rescues ended up costing the bank $19 billion.

Fortune

As in 2008, JPMorgan chief plays key role in bank rescue

NEW YORK: Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.

Bangkok Post

JPMorgan's Jamie Dimon plays key role in bank rescue, in echo of 2008

New York (AFP) - Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008.

AFP

Who will bid for SVB?

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.

Fortune

Dodd-Frank Co-Author, a Director of Failed Signature Bank, Touts Reforms

Barney Frank stands by the legislation he helped pass: the 2010 Dodd-Frank Act. And he questions the closure of Signature Bank.

The Street

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Investors Business Daily

SVB Financial Crash: 15 Years After Bear Stearns, Has The Fed Upgraded Its Response?

What's the federal response to failing banks 15 years after Bear Stearns crumbled?

Fortune

Bill Ackman thinks the government should consider SVB bailout

The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy."

The Street

What Was the Great Recession? How Did It Affect the World?

What Was the Great Recession? How Long Did It Last? The most severe economic downturn since World War II occurred between December 2007 and June 2009. During this period, hundreds of banks failed, millions of homes went into foreclosure, and Americans lost over $14 trillion in net worth. ...

Benzinga

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation.

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Benzinga

This Day In Market History: Bear Stearns Merges With JPMorgan

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On March 16, 2008, Bear Stearns merged with JPMorgan Chase & Co. (NYSE: JPM).

People

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