This bear may hibernate a little early. Historically one of the top investment banking, clearing, and brokerage firms in the US, Bear Stearns has a clientele of corporations, institutional investors, governments, and wealthy individuals. Its subsidiaries provide asset management, clearing and custody, securities lending, trust, and mergers and acquisitions advisory services. It's been a leading market-maker for NYSE-listed securities (through Bear Wagner Specialists), as well as for OTC shares, corporate and government bonds, and derivative products. The Federal Reserve arranged for a loan to Bear Stearns in March 2008 to keep the firm afloat. JPMorgan Chase, one of the lenders, has agreed to buy Bear Stearns.
Sector: Financial
Industry: Financial Services