Bear Stearns

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The Bear Stearns Companies, Inc. NYSE: [BSC] is the parent company of Bear, Stearns & Co. Inc., one of the largest and best-known global investment banks and securities trading and brokerage firms in the world. The company was founded in 1923 and serves corporations, institutions, governments and individuals. The company's business includes corporate finance, mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers global clearing services to broker dealers, prime broker clients and other professional traders, including securities lending.

Bear Stearns' World Headquarters is located at 383 Madison Avenue, between E. 46th Street and E. 47th Street in Manhattan. The company currently employs approximately 12,500 persons worldwide. The firm is headquartered in New York City with offices in Atlanta, Boston, Chicago, Dallas, Denver, Los Angeles, San Francisco, San Juan, and St. Louis. Internationally the firm has offices in London, Beijing, Dublin, Hong Kong, Lugano, Milan, São Paulo, Shanghai, Singapore, and Tokyo.

In 2005, Bear Stearns was recognized as the “Most Admired” securities firm in Fortune’s “America’s Most Admired Companies” survey. The annual survey is a prestigious ranking of employee talent, quality of management and business innovation. This marks the second time in the past three years that Bear Stearns has achieved this top distinction.

Subsidiaries

Bear Stearns also conducts business through other wholly owned subsidiaries, including Bear Stearns Global Lending Limited, Custodial Trust Company, Bear Stearns International Limited, Bear Stearns Bank, Bear Stearns Financial Products Inc., Bear Stearns Capital Markets Inc., EMC Mortgage Corporation, Bear Stearns Mortgage Capital Corporation, Bear Wagner, Bear Stearns Credit Products Inc. and Bear Stearns Forex Inc. Bear Stearns also holds an 80% interest in Bear Measurisk.

Financials

As of February 28, 2006, the company had total capital of approximately $57.6 billion and total assets of $300.0 billion. According to the April 2005 issue of Institutional Investor magazine, Bear Stearns is the seventh largest securities firm in terms of total capital.

See also

• Primary dealers

External links

• [Bear Stearns Home Page]

Data

• [BSC: Summary for BEAR STEARNS COS - Yahoo! Finance]
• [Yahoo! - The Bear Stearns Companies Inc. Company Profile]
• *[Yahoo! - Bear, Stearns & Co. Inc. Company Profile]

 

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