Logo
Unionpedia
Communication
Get it on Google Play
New! Download Unionpedia on your Android™ device!
Free
Faster access than browser!
 

Salomon Brothers

Index Salomon Brothers

Salomon Brothers was an investment bank founded in 1910 by three Jewish-American brothers (Arthur, Herbert and Percy) along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and became Salomon Inc. Eventually, Salomon (NYSE:SB) was acquired by Travelers Group in 1998; and, following the latter's merger with Citicorp that same year, Salomon became part of Citigroup. [1]

53 relations: A Demon of Our Own Design, Bond (finance), Bond market, BT Group, Business Insider, Capital market, Chief executive officer, Citigroup, Commercial paper, Commodity market, Drexel Burnham Lambert, Financial instrument, Financial services, Fixed income, Fixed income arbitrage, Government National Mortgage Association, Hedge fund, Investment banking, John Gutfreund, John Meriwether, Leveraged buyout, Liar's Poker, London, Long-Term Capital Management, MCI Communications, Mergers and acquisitions, Michael Lewis, Morgan Stanley Wealth Management, Mortgage loan, Mortgage-backed security, Myron Scholes, Option (finance), Partnership, Phibro, Proprietary trading, Revco, RJR Nabisco, Robert Sobel, Salomon Brothers, Savings and loan association, September 11 attacks, Settlement (litigation), Stock, The Bonfire of the Vanities, The New York Times, The Travelers Companies, Tom Wolfe, U.S. Securities and Exchange Commission, United States Department of the Treasury, United States Treasury security, ..., Warren Buffett, When Genius Failed, William Salomon. Expand index (3 more) »

A Demon of Our Own Design

A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation (2007) is a book by veteran Wall Street risk manager Richard Bookstaber.

New!!: Salomon Brothers and A Demon of Our Own Design · See more »

Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

New!!: Salomon Brothers and Bond (finance) · See more »

Bond market

The bond market (also debt market or credit market) is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market.

New!!: Salomon Brothers and Bond market · See more »

BT Group

BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company with head offices in London, United Kingdom.

New!!: Salomon Brothers and BT Group · See more »

Business Insider

Business Insider is an American financial and business news website that also operates international editions in the UK, Australia, China, Germany, France, South Africa, India, Italy, Indonesia, Japan, Malaysia, Netherlands, Nordics, Poland, Spanish and Singapore.

New!!: Salomon Brothers and Business Insider · See more »

Capital market

A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold.

New!!: Salomon Brothers and Capital market · See more »

Chief executive officer

Chief executive officer (CEO) is the position of the most senior corporate officer, executive, administrator, or other leader in charge of managing an organization especially an independent legal entity such as a company or nonprofit institution.

New!!: Salomon Brothers and Chief executive officer · See more »

Citigroup

Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.

New!!: Salomon Brothers and Citigroup · See more »

Commercial paper

Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of not more than 364 days.

New!!: Salomon Brothers and Commercial paper · See more »

Commodity market

A commodity market is a market that trades in primary economic sector rather than manufactured products.

New!!: Salomon Brothers and Commodity market · See more »

Drexel Burnham Lambert

Drexel Burnham Lambert was a major Wall Street investment banking firm that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken.

New!!: Salomon Brothers and Drexel Burnham Lambert · See more »

Financial instrument

Financial instruments are monetary contracts between parties.

New!!: Salomon Brothers and Financial instrument · See more »

Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.

New!!: Salomon Brothers and Financial services · See more »

Fixed income

Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule.

New!!: Salomon Brothers and Fixed income · See more »

Fixed income arbitrage

Fixed-income arbitrage is an investment strategy generally associated with hedge funds, which consists of the discovery and exploitation of inefficiencies in the pricing of bonds, i.e. instruments from either public or private issuers, yielding a contractually fixed stream of income.

New!!: Salomon Brothers and Fixed income arbitrage · See more »

Government National Mortgage Association

The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership.

New!!: Salomon Brothers and Government National Mortgage Association · See more »

Hedge fund

A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques.

New!!: Salomon Brothers and Hedge fund · See more »

Investment banking

An investment bank is typically a private company that provides various finance-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities.

New!!: Salomon Brothers and Investment banking · See more »

John Gutfreund

John Halle Gutfreund (14 September 1929 – 9 March 2016) was an American banker, businessman and investor.

New!!: Salomon Brothers and John Gutfreund · See more »

John Meriwether

John William Meriwether (born August 10, 1947) is an American hedge fund executive, seen as a pioneer of fixed income arbitrage.

New!!: Salomon Brothers and John Meriwether · See more »

Leveraged buyout

A leveraged buyout (LBO) is a financial transaction in which a company is purchased with a combination of equity and debt, such that the company's cash flow is the collateral used to secure and repay the borrowed money.

New!!: Salomon Brothers and Leveraged buyout · See more »

Liar's Poker

Liar's Poker is a non-fiction, semi-autobiographical book by Michael Lewis describing the author's experiences as a bond salesman on Wall Street during the late 1980s.

New!!: Salomon Brothers and Liar's Poker · See more »

London

London is the capital and most populous city of England and the United Kingdom.

New!!: Salomon Brothers and London · See more »

Long-Term Capital Management

Long-Term Capital Management L.P. (LTCM) was a hedge fund management firmA financial History of the United States Volume II: 1970–2001, Jerry W. Markham, Chapter 5: "Bank Consolidation", M. E. Sharpe, Inc., 2002 based in Greenwich, Connecticut that used absolute-return trading strategies combined with high financial leverage.

New!!: Salomon Brothers and Long-Term Capital Management · See more »

MCI Communications

MCI Communications Corp. was an American telecommunications company that was instrumental in legal and regulatory changes that led to the breakup of the AT&T monopoly of American telephony and ushered in the competitive long-distance telephone industry.

New!!: Salomon Brothers and MCI Communications · See more »

Mergers and acquisitions

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.

New!!: Salomon Brothers and Mergers and acquisitions · See more »

Michael Lewis

Michael Monroe Lewis (born October 15, 1960) is an American non-fiction author and financial journalist.

New!!: Salomon Brothers and Michael Lewis · See more »

Morgan Stanley Wealth Management

Morgan Stanley Wealth Management is an American multinational financial services corporation specializing in retail brokerage.

New!!: Salomon Brothers and Morgan Stanley Wealth Management · See more »

Mortgage loan

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

New!!: Salomon Brothers and Mortgage loan · See more »

Mortgage-backed security

A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage or collection of mortgages.

New!!: Salomon Brothers and Mortgage-backed security · See more »

Myron Scholes

Myron Samuel Scholes (born July 1, 1941) is a Canadian-American financial economist.

New!!: Salomon Brothers and Myron Scholes · See more »

Option (finance)

In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on a specified date, depending on the form of the option.

New!!: Salomon Brothers and Option (finance) · See more »

Partnership

A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.

New!!: Salomon Brothers and Partnership · See more »

Phibro

Phibro is an international physical commodities trading firm.

New!!: Salomon Brothers and Phibro · See more »

Proprietary trading

Proprietary trading (also "prop trading") occurs when a trader trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments with the firm's own money, aka the nostro account, contrary to depositors' money, in order to make a profit for itself.

New!!: Salomon Brothers and Proprietary trading · See more »

Revco

Revco Discount Drug Stores (known simply as Revco or Revco, D.S.), once based in Twinsburg, Ohio, was a major drug store chain operating through the Ohio Valley, the Mid-Atlantic states, and the Southeastern United States.

New!!: Salomon Brothers and Revco · See more »

RJR Nabisco

RJR Nabisco, Inc., was an American conglomerate, selling tobacco and food products, headquartered in the Calyon Building in Midtown Manhattan, New York City.

New!!: Salomon Brothers and RJR Nabisco · See more »

Robert Sobel

Robert Sobel (February 19, 1931 – June 2, 1999) was an American professor of history at Hofstra University and a well-known and prolific writer of business histories.

New!!: Salomon Brothers and Robert Sobel · See more »

Salomon Brothers

Salomon Brothers was an investment bank founded in 1910 by three Jewish-American brothers (Arthur, Herbert and Percy) along with a clerk named Ben Levy, it remained a partnership until the early 1980s, when it was acquired by the commodity trading firm Phibro Corporation and became Salomon Inc. Eventually, Salomon (NYSE:SB) was acquired by Travelers Group in 1998; and, following the latter's merger with Citicorp that same year, Salomon became part of Citigroup.

New!!: Salomon Brothers and Salomon Brothers · See more »

Savings and loan association

A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings, deposits, and making mortgage and other loans.

New!!: Salomon Brothers and Savings and loan association · See more »

September 11 attacks

The September 11, 2001 attacks (also referred to as 9/11) were a series of four coordinated terrorist attacks by the Islamic terrorist group al-Qaeda against the United States on the morning of Tuesday, September 11, 2001.

New!!: Salomon Brothers and September 11 attacks · See more »

Settlement (litigation)

In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins.

New!!: Salomon Brothers and Settlement (litigation) · See more »

Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

New!!: Salomon Brothers and Stock · See more »

The Bonfire of the Vanities

The Bonfire of the Vanities is a 1987 satirical novel by Tom Wolfe.

New!!: Salomon Brothers and The Bonfire of the Vanities · See more »

The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

New!!: Salomon Brothers and The New York Times · See more »

The Travelers Companies

The Travelers Companies, Inc. is an American insurance company.

New!!: Salomon Brothers and The Travelers Companies · See more »

Tom Wolfe

Thomas Kennerly Wolfe Jr. (March 2, 1930Some sources say 1931; the New York Times and Reuters both initially reported 1931 in their obituaries before changing to 1930. See and – May 14, 2018) was an American author and journalist widely known for his association with New Journalism, a style of news writing and journalism developed in the 1960s and 1970s that incorporated literary techniques.

New!!: Salomon Brothers and Tom Wolfe · See more »

U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

New!!: Salomon Brothers and U.S. Securities and Exchange Commission · See more »

United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

New!!: Salomon Brothers and United States Department of the Treasury · See more »

United States Treasury security

A United States Treasury security is an IOU from the US Government.

New!!: Salomon Brothers and United States Treasury security · See more »

Warren Buffett

Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway.

New!!: Salomon Brothers and Warren Buffett · See more »

When Genius Failed

When Genius Failed: The Rise and Fall of Long-Term Capital Management is a book by Roger Lowenstein published by Random House on October 9, 2000.

New!!: Salomon Brothers and When Genius Failed · See more »

William Salomon

William Salomon Jr. was an American businessman.

New!!: Salomon Brothers and William Salomon · See more »

Redirects here:

Salomon Brothers & Hutzler, Salomon Brothers Inc., Salomon Smith Barney, Solomon Brothers Building.

References

[1] https://en.wikipedia.org/wiki/Salomon_Brothers

OutgoingIncoming
Hey! We are on Facebook now! »