Drexel Burnham Lambert
E493125
Drexel Burnham Lambert was a prominent Wall Street investment bank best known for its role in the 1980s junk bond market and its subsequent high-profile collapse.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Drexel Burnham Lambert canonical | 2 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
defunct company
ⓘ
investment bank ⓘ |
| associatedWith |
Savings and Loan crisis context
ⓘ
insider trading scandals of the 1980s ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dissolutionCause |
criminal investigations of key executives
ⓘ
loss of investor confidence ⓘ regulatory pressure ⓘ |
| fate | filed for bankruptcy ⓘ |
| formedByMergerOf |
Burnham & Company
NERFINISHED
ⓘ
Drexel Firestone NERFINISHED ⓘ Lambert Brussels Witter NERFINISHED ⓘ |
| foundedAs | Drexel & Company NERFINISHED ⓘ |
| hasReputation |
aggressive trading culture
ⓘ
innovative but controversial financial practices ⓘ |
| headquartersLocation | New York City ⓘ |
| industry |
financial services
ⓘ
investment banking ⓘ |
| influenced |
corporate takeover wave of the 1980s
ⓘ
growth of leveraged buyout market ⓘ |
| keyPerson |
Fred Joseph
NERFINISHED
ⓘ
Leonard Tose NERFINISHED ⓘ Michael Milken NERFINISHED ⓘ |
| legacy |
institutionalization of high-yield bonds
ⓘ
stricter securities regulation in the United States ⓘ |
| legalOutcome |
payment of large fines and penalties
ⓘ
plea agreement with U.S. government ⓘ |
| locatedInTheAdministrativeTerritorialEntity | New York NERFINISHED ⓘ |
| locatedInTimePeriod | 1980s ⓘ |
| majorClientType |
corporate raiders
ⓘ
private equity firms ⓘ |
| notableEmployee |
Leon Black
NERFINISHED
ⓘ
Michael Milken NERFINISHED ⓘ Peter Ackerman NERFINISHED ⓘ |
| notableFor |
development of the high-yield bond market
ⓘ
dominance in 1980s junk bond underwriting ⓘ high-profile collapse in early 1990s ⓘ |
| operatedInMarket |
Wall Street
NERFINISHED
ⓘ
global capital markets ⓘ |
| predecessor |
Burnham & Company
NERFINISHED
ⓘ
Drexel & Company NERFINISHED ⓘ Lambert Brussels Witter NERFINISHED ⓘ |
| regulatoryIssue |
insider trading investigations
ⓘ
securities fraud charges ⓘ |
| specializedIn |
high-yield bonds
ⓘ
leveraged buyout financing ⓘ |
| timePeriod | late 1970s ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.