Bear Stearns

The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that famously failed during the 2008 financial crisis and the Great Recession. After its closure, it was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis.