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Definition of 'Salomon Brothers'
Salomon Brothers, founded in 1910, was once one of the largest Wall Street bulge bracket financial service companies. In 1981, it was acquired by Phibro Corporation and became known as Phibro-Salomon. In 1997, the bank merged with Smith Barney, a subsidiary of Travelers Group to form Salomon Smith Barney. Immediately following, the bank merged with Citigroup, where Salomon Smith Barney served as the investment banking arm. In 2003, the Citigroup name was adopted.
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Investopedia explains 'Salomon Brothers'
Although Salomon Brothers provided a wide range of financial services, the bank established its legacy through its fixed income trading department. Perhaps the original founding fathers of high yield bond trading, along with Drexel Burnham Lambert, the Salomon bond arbitrage group established the trading careers of John Meriwether and Myron Sholes.
Michael Lewis' Liar's Poker (1990) depicts the high pressure bond trading culture at Salomon Brothers.
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Search results for 'Salomon Brothers'
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http://financialedge.investopedia.com/financial-edge/0511/Buffetts-Biggest-Missteps.aspx
... Trusting the Wrong People One need only look at the story of Salomon Brothers to
see that the questionable ethics of investment banks in the recent housing ...
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http://www.investopedia.com/university/credit-crisis/credit-crisis1.asp
... Firms such as Goldman Sachs, Lehman Brothers, Merrill Lynch, Salomon Brothers and
Morgan Stanley eventually became the most prestigious investment banks on ...
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http://stocks.investopedia.com/stock-analysis/2007/Subprime_Casualty_List.aspx
... And while those are just rumors, it wouldn't be surprising as Buffet took similar
action with a distressed Salomon Brothers in the past. ...
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http://www.investopedia.com/articles/05/HolidayBooks.asp
... "When Genius Failed: The Rise and Fall of Long-Term Capital Management" (2002) by
Roger Lowenstein When Salomon Brothers arbitrage genius John Meriwether ...
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http://www.investopedia.com/articles/07/investingbooks.asp
... "Liar's Poker" (1989) By Michael Lewis This book revolves around daily life in the
Salomon Brothers mortgage trading department during the '80s. ...
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http://www.investopedia.com/articles/financialcareers/08/derivatives-career.asp
... subsidiary. For example, Citibank now owns what used to be Salomon Brothers
in addition to its own trading capabilities. Major Canadian ...
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http://www.investopedia.com/articles/mutualfund/05/HedgeFundFailure.asp
... The fund was founded in 1994 by John Meriwether (of Salomon Brothers fame) and its
principal players included two Nobel Memorial Prize-winning economists and a ...
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http://www.investopedia.com/articles/trading/06/Level2Quotes.asp
... UBSW, UBS Securities, LEHM, Lehman Brothers. DBAB, Deutsche Bank Alex. Brown, MLCO,
Merrill Lynch. ... FBCO, Credit Suisse First Boston, SBSH, Salomon Smith Barney. ...
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