JPMorgan Chase has executed several of the largest and most consequential bank buyouts in modern financial history, most notably during the 2008 global financial crisis. Under federal regulatory orchestration, Chase bought out Washington Mutual, acquiring its massive nationwide network of retail branches and residential mortgage portfolios after a catastrophic bank run caused its collapse. Additionally, Chase bought out Bear Stearns, a major global investment bank experiencing severe liquidity distress, which significantly expanded Chase's institutional brokerage, prime clearing, and global investment banking capabilities.