Event
Sale of Bear Stearns
Bear Stearns ran short of cash in March 2008 and was sold to JPMorgan Chase.
- Dates
- 16 Mar 2008
Connections 5
involved
- Bear Stearns Primary record 1
- JPMorgan Chase Primary record 1
- Federal Reserve Bank of New York facilitated the sale Primary record 1
- Federal Reserve approved the financing Primary record 2
part of
- Financial crisis of 2008 Primary record 1
Timeline 1 date
- 16 Mar 2008 Sale of Bear Stearns
Proof 2 sources
-
Federal Reserve's Support for Specific Institutions (Bear Stearns, Lehman, AIG), Federal Reserve History.
Primary record
On March 13, 2008, Bear Stearns notified the Federal Reserve that it expected that it would not have enough funding or liquid assets to meet its obligations the following day
On Sunday, March 16, Bear Stearns accepted an offer to merge with JPMC in a transaction facilitated by the FRBNY.
-
Federal Reserve announces two initiatives designed to bolster market liquidity, Board of Governors of the Federal Reserve System, 16 Mar 2008.
Primary record
The Board also approved the financing arrangement announced by JPMorgan Chase & Co. and The Bear Stearns Companies Inc.
Page history 1 change
- Add the stories of the bomb and the crash of 20087f68c15
Something wrong or missing? Tell us, with a source, or edit this page.