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Shearson's growth and success contrasted with the general environment on Wall Street in the mid-1970s. Now legally prohibited from both advising and underwriting a client on a single deal, most firms' overall trading volume dropped significantly.
By Jon Friedman – May 31, 2013 at 1:40PM. An old deal, reexamined. In 1986, I wrote a series of feature stories for Investors Business Daily about the five-year anniversary of American Express's (...
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Jul 15, 1990 · The calamity at Shearson which during the current recession on Wall Street has cost thousands their jobs &.resulted in a first-quarter loss this year of nearly a billion dollars is a...
Mar 1, 1990 · Shearson Deal May Embrace The Man Who Built the Firm
Apr 22, 1981 · April 22, 1981. The American Express Company will acquire Shearson Loeb Rhoades, Wall Street's second-largest brokerage firm, for about $915 million in stock, the two companies announced...
Jul 2, 1992 · The NYSE accused Shearson and the 55 Water office of gouging customers by charging fat, undisclosed commissions on sales of stock; rampant churning of accounts by making excessive trades to...
Mar 16, 1993 · March 15, 1993 at 7:00 p.m. EST. If you want a classic example of how to get fleeced on Wall Street, take a look at American Express Co.'s disastrous 12-year foray into brokerage and investment ...
