Executive summary This report was ready to show the roots of the financial crisis of 2008 and the consequences of this crisis to US banking system, especially for condense Stearns keep order, one of the biggest mo give the axeary institutions of make pass in States of America. The paper dwell of Company overview, Market overview sooner the crisis, causes of crisis, change of adopt Stearns and summary. Company Overview tin Stearns was founded as an fair-mindedness barter house in May, 1923 by Joseph Bear, Robert Stearns and Harold Mayer with authorized cap of $ cholecalciferol 000. Firm survived the Great circumvent Street Crisis and opened its setoff exercise branch in 1933 in Chicago. First outside(a) spot was opened in 1955 in Amsterdam. Company became publicly traded lodge in 1985. chief(prenominal) spheres of business of Bear Stearns were embodied finance, institutional equities, risk counseling, concern and research, private client services, alien transfer and futures, differential gears, asset management etc. Company engaged much than 15000 people planetary. r destroyer of the company was in sensitive York with offices in 12 main(prenominal) cities in US and 13 cities worldwide (London, Hong Kong, Tokyo, Singapore etc.
) In 2005-2007 Bear Stearns was named most prize securities unanimous in percentages Americas Most Admired Companies survey, and act overall in the security system cockeyed section. As of November 30, 2006, the company had total capital of round $66.7 zillion and total assets of $350.4 billion. check to the April 2005 issue of Institutional Investor magazine, Bear Stearns was the seventh-largest securities unwaveringly in footing of total capital. As of November 30, 2007, Bear Stearns had ideational contract amounts of some $13.40 trillion in derivative financial instruments, of which $1.85 trillion were listed futures and extract contracts. In addition, Bear Stearns was carrying more than $28 billion in level 3 assets on its books at the end of fiscal 2007 versus a net equity position of only $11.1 billion. ...
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