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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.
Apr 1, 2015 · The tale of Drexel Burnham Lambert's unlikely rise, gargantuan heights, and calamitous fall is the story of Wall Street. A quarter of a century after Michael Milken wept in court as he...
Feb 13, 2015 · Drexel Burnham Lambert collapsed in scandal 25 years ago, but alumni of the once-powerful investment bank are now in some of Wall Street’s most powerful posts. The firm famous for high-yield...
Feb 14, 1990 · Drexel Burnham Lambert Inc., the once-dominant investment house that fueled many of the biggest corporate takeovers of the 1980's, began selling off its securities yesterday, and its parent...
Feb 14, 1990 · February 13, 1990: Drexel Burnham Lambert Group, the holding company, is strapped for cash in the midst of growing turmoil in the junk bond market. Drexel Burnham Lambert Group defaults...
Feb 13, 2015 · 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 troubles. Drexel’s bond department...
Oct 16, 2015 · Contrast that to the dismal fate of his firm, Drexel Burnham Lambert—bankrupt within months of settling similar charges for a similar amount of money. How did so powerful a firm fall so...
