Fifteen years after the collapse of Bear Stearns Cos., one of the final mysteries shrouding the demise of the Wall Street behemoth has finally been solved. The night JPMorgan Chase & Co. agreed to buy the bank for $2 a share, a $2 bill was taped to the revolving door of Bear Stearns’s headquarters — a prank that created one of the defining images of the financial crisis. But the people behind it remained a secret. Dealbreaker was the first to publish the image, and Gawker quickly followed,...

Photographer: Christopher Goodney/Bloomberg As the panic spurred by the coronavirus erases trillions from equity markets, whipsaws bonds and crushes energy prices, there may still be another shoe to drop. Short-seller Marc Cohodes is warning that the resulting near freeze in leveraged lending will punish private equity funds that own highly indebted companies. The former hedge fund manager, who now invests his own money, is betting against the industry, which he says is headed for losses as...