Bear Stearns

take in Stearns 1923: the original company is founded by Joseph Bear, Robert Stearns, and Harold Mayer as an blondness trading house 1933: Bear Stearns opens its first regional major power in Chicago Salim Cy Lewis (future chairman) is hired to direct Bear Stearns new institutional hamper trading program 1955: Bear Stearns opens its first international office in New Amsterdam 1965: Bear Stearns begins expanding its retail operations throughout major cities in US 1978: Alan Ace Greenberg succeeds Cy Lewis as Chairman later his death 1985: Bear Stearns forms a holding company called Bear Stearns Companies,Inc, goes universe and reorganizes from a brokerage house into a full renovation investment firm 1992: Company has best earnings year of $295 billion in history 1993: James Cayne succeeds Alan Greenberg as CEO; Greenberg stays on as Chairman 1999: Bear Stearns agrees to pay $42 million to slide down civil and criminal fraud charges in connection with its enjoyment as clearing broker for A.R. Baron. 2001James Cayne succeeds Alan Greenberg as Chairman The original company was founded with $500,000 in capital of the United States in response to the thriving investment capital of the early 1920s.

World War I, with its heavy want for capital, had further the public to enter the securities market and the company prospered greatly in the optimism of those markets 1929-trading fell off sharply when the market crashed. Though it suffered setbacks, it had store enough capital to survive, and was able to comtinue to employ everyone. Bear Stearns then entered into the bond market to promote renewed developent of the nations infrastructure hrough the New Deal. During this period (Roosevelt Era) the nations banks had amass a large amount of cash s demand for loans was very low. At the same time bonds were cheap and Bear Stearns made substantial profits by selling bonds to cash-rich banks. By 1933 the firm had gone from its original 7 employees to... If you want to ask a full essay, order it on our website: Ordercustompaper.com

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