Happen Stearns, JPMorgan Pursue, and Maiden Lane LLC
Happen Stearns, JPMorgan Pursue, and Maiden Lane LLC In the , The fresh Bear Stearns Companies, Inc. (Sustain Stearns) is actually one of the primary bonds firms in the united kingdom, with stated full consolidated property of almost $400 mil. Sustain Stearns involved with an over-all listing of facts, together with financing financial, ties and you will types trading and you may cleaning, broker functions, and you can originating and you can securitizing commercial and domestic mortgages. Financial requirements to your business deteriorated . Into , Sustain Stearns notified the Government Set aside so it requested which don’t have adequate financial support otherwise quick assets to meet its bills the next day and you will wouldn’t be capable select a personal-business source of alternative investment. […]