In March 2008, the New York Federal Reserve provided an emergency loan to try to avert a sudden collapse of Bear Stearns. The company could not be saved, however, and was sold to JPMorgan Chase for $10 per share, a price far below its pre-crisis 52-week high of $133.20 per share, but not as low as the $2 per share originally agreed upon.

The collapse of the company was a prelude to the meltdown of the investment banking industry in the United States and elsewhere that culminated in September 2008, and the subsequent 2008 global financial crisis. In January 2010, JPMorgan ceased using the Bear Stearns name.

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In March 2023, the Swiss National Bank provided an emergency loan to try to avert a sudden collapse of Credit Suisse. The company could not be saved, however, and was sold to UBS for $0.75 per share, a price far below its 52-week high of $8 per share, but not as low as the $0.2 per share originally agreed upon.

(we are here now)

The collapse of the company was a prelude to the meltdown of the investment banking industry .....