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Drexel Burnham Lambert was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.
AP Drexel Burnham Lambert collapsed in scandal 25 years ago, but alumni of the once-powerful investment bank are now in some of Wall Street’s most powerful posts. The firm famous for high-yield...
Drexel Burnham Lambert | 543 followers on LinkedIn. ... Private Capital Group, LLC dba Wealthspire Advisors Financial Services
Drexel Burnham Lambert ’s chief executive officer was sentenced Friday in federal court in Manhattan to two years in prison for defrauding investors out of $4.4 million. The firm Craig Zabala ...
Drexel Burnham Lambert Inc., the once-dominant investment house that fueled many of the biggest corporate takeovers of the 1980's, began selling off its securities yesterday, and its parent...
Drexel Burnham Lambert, the investment bank famous for high-yield or “junk” bonds, filed for bankruptcy on Feb. 13, 1990 after several years of legal troubles. Drexel’s bond department head...
1976: The Drexel Burnham Group Inc., a brokerage firm, agrees to merge with Lambert Brussels Witter, a subsidiary of Groupe Bruxelles Lambert, Belgium's second-largest holding company,...
Did Drexel Burnham Lambert condone the breaking of laws? The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that has dominated Wall Street in the 1980s. Read more Print length 400 pages Language English Publisher Penguin Books Publication date June 1, 1989 Dimensions
Since its incorporation in 1976, Drexel Burnham Lambert, once a little-known, second-tier underwriter, has become perhaps the most widely publicized investment bank in U.S. corporate history. Drexel pioneered the “ junk bond ” craze of the 1980s and played a leading role in many of the decade ’ s best known corporate takeover bids.
The last days of Drexel Burnham. BY Brett Duval Fromson. October 16, 2015, 1:39 PM PDT. Three Drexel Burnham Lambert employees leaving 60 Broad Street HQs carrying boxes of belongings after ...