Drexel Burnham Lambert

Drexel Burnham Lambert was a leading U.S.-based investment banking firm which was forced into bankruptcy following violations of securities laws.   The firm was founded by I.W. Burnham in 1935 as Burnham and Company. The company primarily dealt in retail brokerage and went to become one of the most successful brokerages in the U.S. Drexel Burnham Lambert was formed following a series of mergers that included Drexel, Morgan & Co and Harriman, Ripley and Company. The new entity then merged with Burnham and Drexel Burnham and Company was formed in 1973. The new firm fo...

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Drexel Burnham Lambert was a leading U.S.-based investment banking firm which was forced into bankruptcy following violations of securities laws.   The firm was founded by I.W. Burnham in 1935 as Burnham and Company. The company primarily dealt in retail brokerage and went to become one of the most successful brokerages in the U.S. Drexel Burnham Lambert was formed following a series of mergers that included Drexel, Morgan & Co and Harriman, Ripley and Company. The new entity then merged with Burnham and Drexel Burnham and Company was formed in 1973. The new firm focused on advisory services and soon entered the investment banking business. At its height the company made a net profit of US$ 550 million in 1986. The company soon became embroiled in controversy on charges of insider trading and was forced into bankruptcy after illegal dealings in speculative bonds. The firm was wound up in 1990.  

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View Top Employees for Drexel Burnham Lambert
img Industry Investment Banking
img Location United States
img Employees 12
img Competitors Deutsche Bank, Goldman Sachs, Banco Safra, Rbc Capital Markets, Icici Securities, Jefferies,
img Industry Investment Banking
img Location United States
img Employees 12
img LinkedIn linkedin.com/company/drexel-burnham-lambert

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