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HomeBear Stearns: R.I.P
Posted by Larry Doyle on January 8th, 2010 12:09 PM |
As of today, Bear Stearns is no longer.
What? I bet you’re thinking Bear was taken over by JP Morgan in spring 2008 and ceased to exist when the takeover was approved a few months later. You’d be right. I am right also. How so?
As with many mergers and takeovers, the name of the acquired firm continues to be utilized within certain divisions. That is exactly the case with Bear Stearns, as those two storied names continued to be utilized in the Private Client Services unit at JP Morgan. Until today. (more…)
