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JPMorgan Chase & Co. (NYSE: JPM) announced that it has completed its acquisition of The Bear Stearns Companies Inc., effective 11:59 p.m. EDT on May 30, 2008. Bear Stearns Companies, Inc. was one of the largest global investment banks and securities trading and brokerage firms in the world, before its sale to JPMorgan Chase. The company was negatively affected by the subprime mortgage crises.
JPMorgan Chase & Co. (NYSE: JPM) announced that it has completed its acquisition of The Bear Stearns Companies Inc., effective 11:59 p.m. EDT on May 30, 2008.
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