What does Bear Stearns mean?

Bear Stearns meaning in Law Dictionary

lender that closed-in New York. It was a worldwide investor before 2008. JP morgan chase bought all of them down.

Bear Stearns meaning in Business Dictionary

Former international financial investment lender located in new york which folded in 2008 during subprime mortgage crisis. It's assets were afterwards purchased at a fire purchase rebate of ten dollars a share by JP Morgan Chase. The company's failure preceded and added towards worldwide economic crisis of 2008-2009.