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Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City.It was one of the five largest investment banking enterprises in the United States [2] and a very profitable firm on Wall Street during the 1980s and 1990s.
The building was extensively renovated in 1989 to accommodate Salomon Brothers, and 7 World Trade Center alternatively became known as the Salomon Brothers building. [20] Most of the three existing floors were removed as tenants continued to occupy other stories, and more than 350 tons (U.S.) of steel were added to construct three double-height ...
John Meriwether headed Salomon Brothers' bond arbitrage desk until he resigned in 1991 amid a trading scandal. [6] According to Chi-fu Huang, later a Principal at LTCM, the bond arbitrage group was responsible for 80–100% of Salomon's global total earnings from the late 1980s until the early 1990s.
John Halle Gutfreund [1] (14 September 1929 – 9 March 2016) was an American banker, businessman, and investor. He was the CEO of Salomon Brothers Inc., an investment bank that gained prominence in the 1980s.
In the decades since 1998, the colossus built by Weill proved to be too complex and unwieldy to manage effectively, and the 2008-2009 financial crisis dealt another blow to its sweeping ambitions.
After graduation, Meriwether moved to New York City, where he worked as a bond trader at Salomon Brothers. At Salomon, Meriwether rose to become the head of the domestic fixed income arbitrage group in the early 1980s and vice-chairman of the company in 1988. [2] In 1991, Salomon was caught in a Treasury securities trading scandal perpetrated ...
Lewis Ranieri, a Salomon Brothers' employee, had created the only viable mortgage trading section, so when the law passed, it became a windfall for the firm. However, Lewis believed that Salomon Brothers became too complacent in their new-found wealth and took to unwise expansion and massive displays of conspicuous consumption.
Hilton, now 42, doesn’t name Salomon in the excerpt of the book, published by London’s The Times on Saturday, March 4. She simply refers to meeting an older man in 1999 and enjoying how ...