Bear Stearns Cos. shares plummeted a record 53 percent after the New York Federal Reserve and JPMorgan Chase & Co. stepped in to rescue the 85-year-old U.S. securities firm with emergency funding.

WASHINGTON — The Federal Reserve's unprecedented intervention on behalf of Bear Stearns Cos. was intended to ease fallout from the credit crunch, but experts fear it augurs more government bailouts as ...

The 2007 implosion of two Bear Stearns hedge funds that invested in risky mortgage bonds led to the wider crash of the financial system, and as it turns out years later, a fairly sizable and eyebrow ...

A report by the Securities and Exchange Commission's inspector general offers new insights into what the agency's enforcement director told Stephen Cutler, general counsel for JPMorgan Chase, on the ...

Jamie Dimon still talks about that night like the moment everything almost went off the rails. One phone call. One number. Thirty billion dollars. And a warning that Asia would wake up and burn if ...

(CNN) — Many Americans shrugged off the implosion of a pair of overleveraged Bear Stearns hedge funds in 2007. Stocks were at record highs, after all. But later it became apparent that those ...

This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today. JPMorgan Chase & Co. said Monday it ...

Lending giant Washington Mutual has hired the former general counsel of stricken investment bank Bear Stearns. It named Michael Solender as its executive vice president and chief legal officer earlier ...

Bear Stearns Cos. BSC department heads met with officials at J.C. Flowers & Co. LLC and JPMorgan Chase & Co. JPM on Saturday to give an overview of their business operations, including headcount and ...