Bear Stearns, the name you can bank upon in the field of investment banking, is one the most prominent investment banks based in the city of New York. The origin of Bear Stearns dates back to the year 1923. The parent company of Bear Stearns is known as Bear Stearns Companies, Inc. Besides its worldwide chain of investment banks, the company has extended its reach in the brokerage and securities trading market as well.
Besides its World Headquarters in Manhattan, the branch offices of Bear Stearns are located in many other places like Los Angles, San Francisco, Dallas, Chicago, Boston, Atlanta, Beijing, Hong Kong, Milan, Houston, Sao Paulo, Shanghai, Singapore, Dublin,
St. Louis and Tokyo.
Features of Bear Stearns
- It is the top-quality management, skilled staffs, innovative business practices and personalized service that distinguish Bear Stearns from all other investment banks operating in global market. At present the employee strength of Bear Stearns has been more than 13,500.
- America's Most Admired Companies Survey has acknowledged Bear Stearns as the Most Admired securities by Fortune's standard.
- The total asset of Bear Stearns amounted to $350.4 billion on November 31, 2006 and the total capacity was valued at $66.7 billion. The Institutional Investor magazine recognized Bear Stearns as the seventh biggest firm, based on total capacity in its April 2005 edition.
Subsidiaries of Bear Stearns
The subsidiaries of Bear Stearns operate in many other fields of banking, insurance and finance. Bear Stearns International Limited, Bear Stearns Financial Products Inc., Bear Stearns Capital Markets Inc., Bear Stearns Mortgage Capital Corporation are some of the best performing subsidiaries of Bear Stearns.
