Sales Of Bear Stearns

Executive summary This report was prepared to show the root of the monetary crisis of 2008 and the consequences of this crisis to US banking system, especially for turn out Stearns club, one of the biggest monetary institutions of unify States of America. The paper consist of ordain overview, Market overview ahead the crisis, causes of crisis, barter of jut Stearns and summary. Company Overview give Stearns was founded as an beauteousness merchandise house in May, 1923 by Joseph Bear, Robert Stearns and Harold Mayer with authorized swell of $ d 000. Firm survived the Great Wall Street Crisis and heart-to-heart its branch branch in 1933 in Chicago. First internationalist component part was opened in 1955 in Amsterdam. Company became publicly traded confederacy in 1985. Main spheres of business of Bear Stearns were corporate finance, institutional equities, risk management, trading and research, private guest services, foreign re-sentencing and futures, deriva tives, asset management etc. Company employed more than 15000 people ecumenical. Headquarters of the company was in New York with offices in 12 main cities in US and 13 cities worldwide (London, Hong Kong, Tokyo, Singapore etc.

) In 2005-2007 Bear Stearns was named intimately Admired securities steadfastly in Fortunes Americas Most Admired Companies survey, and second boilers suit in the security sign of the zodiac section. As of November 30, 2006, the company had hit capital of approximately $66.7 gazillion and total assets of $350.4 billion. According to the April 2005 issue of institutional Investor magazine, Bear Stearns wa s the seventh-largest securities bulletproo! f in terms of total capital. As of November 30, 2007, Bear Stearns had fanciful contract amounts of approximately $13.40 trillion in derivative financial instruments, of which $1.85 trillion were listed futures and option contracts. In addition, Bear Stearns was carrying more than $28 billion in level 3 assets on its books at the end of fiscal 2007 versus a net equity built in bed of only $11.1 billion. ...If you motivation to get a full essay, order it on our website: BestEssayCheap.com

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