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Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.
Feb 14, 1990 · The rapid collapse of the firm, which on Monday announced that it was seeking a merger partner because of a cash crunch, created fears among some Wall Street executives about the possible ripple...
Feb 14, 1990 · January 1990: Turmoil in the junk bond market increases as two major retailing units of the Campeau Corporation file for Chapter 11 bankruptcy protection. February 5, 1990: Drexel Burnham...
Apr 1, 2015 · The tale of Drexel Burnham Lambert's unlikely rise, gargantuan heights, and calamitous fall is the story of Wall Street. ... I felt that we were days away from being shut down by New York. I go ...
Although Drexel Burnham Lambert Inc. said yesterday that a bankruptcy filing by the firm would be framed under Chapter 11 of the Federal Bankruptcy Code, a provision intended to give a company...
Feb 15, 1990 · The financial crisis at Drexel Burnham Lambert Inc., which on Tuesday resulted in the largest bankruptcy filing in Wall Street history, has left a disparate collection of groups owed money...
Feb 13, 2015 · CNBC. Updated Fri, Feb 13, 2015, 10:15 AM. Drexel Burnham Lambert, the investment bank famous for high-yield or "junk" bonds, filed for bankruptcy on Feb. 13, 1990 after several years of legal...
