The following are the largest full-service global investment banks; Full-service investment banks usually provides both advisory and financing banking services, as well as the sales,
, and research on a broad array of financial products including equities, credit, rates, currency, commodities, and their derivatives:
. Such combinations were common in Europe but illegal in the United States prior to passage of the
of 1999. The following are large investment banking firms affiliated with large financial institutions (not previously listed above).
advisors, brokerage firms and underwriters of securities that are not affiliated with commercial banks:
The following is a list of other boutique advisory firms and capital markets firms:
The following are notable investment banking and brokerage firms that have been liquidated, acquired or merged and no longer operate under the same name.
| Firm |
Fate |
Alex. Brown & SonsAlex. Brown & Sons was the first investment bank in the United States, founded by Alexander Brown in 1800 and based in Baltimore, Maryland. The firm was acquired by Bankers Trust in 1997 to form BT Alex...
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ultimately part of Deutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
, survives as minor business unit |
| A.G. Becker & Co. |
acquired by Merrill LynchMerrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
in 1984 |
A.G. EdwardsA.G. Edwards, Inc. was an American financial services holding company; its principal wholly owned subsidiary was A.G. Edwards & Sons, Inc., which operated as a full-service securities broker-dealer in the United States and Europe. The firm was acquired by Wachovia Securities, which later was...
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acquired by WachoviaWachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
in 2007 |
| The Argosy Group |
acquired by Canadian Imperial Bank of CommerceThe Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
in 1995 |
| Babcock & Brown |
collapsed 2009, liquidation of its assets |
| BancAmerica Robertson Stephens Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
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acquired by NationsBank NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
in 1998 and integrated into NationsBanc Montgomery SecuritiesNationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
to form Banc of America SecuritiesBanc of America Securities LLC , based in New York City, was an investment banking subsidiary of Bank of America. The firm competed in both the domestic and international equity and investment banking markets, and pursued a strategy pioneered by Citigroup that combines corporate lending with...
. |
| Barings |
collapsed 1995; assets acquired by ING Bank |
Bear StearnsThe Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...
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collapsed 2008; assets acquired by JPMorgan Chase |
| Bowles Hollowell Connor & Co. Bowles Hollowell Connor & Co. was a leading middle market investment banking firm headquartered in Charlotte, North Carolina. The firm was founded in 1975 by Erskine Bowles and Thomas Hollowell.In April 1998, Bowles Hollowell was acquired by First Union...
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acquired by First Union in 1998 |
| Blyth, Eastman Dillon & Co. Blyth, Eastman Dillon & Co. was an American investment bank founded in 1914. Blyth Eastman operated for many years as one of the only major investment banking firms on the West Coast of the U.S. At the time of its acquisition, Blyth Eastman had more than 700 finance related employees with over...
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merged with Paine Webber Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48...
in 1979 |
| Broadpoint Securities |
merged with Gleacher Partners to form Gleacher & Co. |
| Brown Bros. & Co. Brown Bros. & Co. was an investment bank from 1818 until its merger with Harriman Brothers & Company in 1931 to form Brown Brothers Harriman & Co.-History:...
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merged with Harriman Brothers & Company Harriman Brothers & Company was an investment bank and brokerage firm founded by brothers W. Averell Harriman and E. Roland Harriman in 1927. In 1931, the firm merged with Brown Bros. & Co. to form Brown Brothers Harriman & Co.-History:...
to form Brown Brothers Harriman & Co.Brown Brothers Harriman & Co. is an American investment bank and securities firm, founded in 1818, it is the oldest and largest private bank in the United States. Brown Brothers Harriman serves clients globally in three main businesses: Investment Banking & Advisory, Wealth Management, Commercial...
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| BT Alex. Brown |
acquried by Deutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
to form Deutsche Bank Alex. BrownDeutsche Bank Alex. Brown was the private client services division of Deutsche Bank Securities, the U.S. corporate and investment arm of German banking colossus Deutsche Bank. It is the organization successor to the 200 year-old investment bank Alex...
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| C.E. Unterberg, Towbin C.E. Unterberg, Towbin, was a United States investment bank. Founded as C.E. Unterberg & Co. in 1932 by Clarence E. Unterberg, the firm changed its name to C.E Unterberg, Towbin & Co., in 1953.The firm began as a niche over-the-counter trading firm...
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acquired by Collins Stewart in 2007 |
| Commodities Corporation Commodities Corporation was a financial services company, based in Princeton, New Jersey that traded actively across various commodities. The firm was noted as one of the leading commodity and futures trading firms...
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acquired by Goldman SachsThe Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
and renamed Goldman Sachs PrincetonCommodities Corporation was a financial services company, based in Princeton, New Jersey that traded actively across various commodities. The firm was noted as one of the leading commodity and futures trading firms...
in 1997 |
| Dain Rauscher Wessels Dain Rauscher Wessels was a brokerage and investment banking firm based in Minneapolis, Minnesota. The firm traced its origins to a number of smaller regional securities firms founded in the 1920s and 1930s....
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bought by Royal Bank of CanadaThe Royal Bank of Canada or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto,...
in 2000 |
| Dean Witter Reynolds Dean Witter Reynolds was an American stock brokerage and securities firm catering to retail clients. Prior to its acquisition, it was among the largest retail firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange...
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merged with Morgan StanleyMorgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
to form Morgan Stanley Dean Witter, subsequently the Dean Witter name was eliminated |
| Dillon, Read & Company |
acquired by Swiss Bank Corporation Swiss Bank Corporation was a large integrated financial services company located in Switzerland...
, and is ultimately part of UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
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Donaldson, Lufkin & JenretteDonaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research;...
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acquired by Credit SuisseThe Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
in 2001 |
| Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was forced into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the...
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liquidated 1990 |
| E.F. Hutton & Co. |
acquired by Shearson Lehman/American Express in 1988, ultimately part of Lehman Brothers Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
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| First Boston Corporation |
merged with Credit Suisse in 1988 to form CS First Boston, renamed Credit Suisse First BostonCredit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
in 1996 and Credit SuisseThe Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
in 2006 |
| First Union Securities |
acquired by WachoviaWachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
in 2002 to form Wachovia SecuritiesWells Fargo Advisors, is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It is the second largest brokerage firm in the United States as of October 1, 2007 with $1.17 trillion retail client assets under management....
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| G.H. Walker & Co. |
acquired by White Weld & Co and ultimately part of Merrill LynchMerrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
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| Gerard Klauer Mattison |
acquired by BMO Nesbitt BurnsBMO Nesbitt Burns is a Canadian investment firm. Since its formation in 1912, BMO Nesbitt Burns and its predecessor companies have offered aid to investors in meeting their financial goals. In August 1987 the Bank of Montreal took advantage of new banking regulations to acquire Nesbitt Thomson,...
, subsequently renamed Harris Nesbitt and later BMO Capital MarketsBMO Capital Markets is a North American financial services provider that offers corporate, institutional and government clients access to a complete range of products and services...
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| Giuliani Capital Advisors |
the investment banking division of Giuliani PartnersGiuliani Partners LLC is a management consulting and security consulting business founded by former New York City Mayor Rudolph Giuliani in January 2002.-Structure:...
was sold to Macquarie GroupMacquarie Group Limited is a global investment banking and diversified financial services group, providing banking, financial, advisory, investment and funds management services to institutional, corporate and retail clients and counterparties around the world...
in 2007 |
| H.B. Hollins & Co. |
liquidated in 1913 |
| HJ Meyers & Co. |
abruptly forced to cease operations due to numerous SEC violations |
| Halsey, Stuart & Co. Halsey, Stuart was a Chicago-based investment bank founded in 1911.In 1952, the firm made headlines when its managing partner, Harold L. Stuart, testified before the U.S. Supreme Court for the government's antitrust case against Morgan Stanley and 16 other major investment banks...
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ultimately part of WachoviaWachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
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| Hambrecht & Quist Hambrecht & Quist was an investment bank based in San Francisco, California noted for its focus on the technology and internet sectors. H&Q was founded by William Hambrecht and George Quist in California, 1968....
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acquired by Chase Manhattan BankJPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
and ultimately part of JPMorgan Chase. H&Q name continues as investment advisor |
| Hambros Bank Hambros Bank was a British bank based in London. The Hambros bank was a specialist in Anglo-Scandinavian business with expertise in trade finance and investment banking, and was the sole banker to the Scandinavian kingdoms for many years...
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acquired by Société Générale Société Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
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| Hamershlag Borg & Co. |
changed name to Hamershlag Kemper in 1973, then to Hamershlag Kemper Dodeles in 1975, then to Hamershlag Dodeles in 1998 now part of Hamershalg Sulzberger Borg |
| Hayden, Stone & Co. Hayden, Stone & Co. was a major securities firm founded in 1892 by Charles Hayden and Galen L. Stone. The firm was acquired by Cogan, Berlind, Weill & Levitt in 1972 and was part of what ultimately would become Shearson/American Express in 1981.-History:...
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acquired Shearson Hammill & Co. in 1974 and assumed the Shearson name. Ultimately acquired by American ExpressAmerican Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...
in 1981 |
| Harriman Brothers & Company Harriman Brothers & Company was an investment bank and brokerage firm founded by brothers W. Averell Harriman and E. Roland Harriman in 1927. In 1931, the firm merged with Brown Bros. & Co. to form Brown Brothers Harriman & Co.-History:...
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merged with Brown Bros. & Co. Brown Bros. & Co. was an investment bank from 1818 until its merger with Harriman Brothers & Company in 1931 to form Brown Brothers Harriman & Co.-History:...
to form Brown Brothers Harriman & Co.Brown Brothers Harriman & Co. is an American investment bank and securities firm, founded in 1818, it is the oldest and largest private bank in the United States. Brown Brothers Harriman serves clients globally in three main businesses: Investment Banking & Advisory, Wealth Management, Commercial...
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HBOSHBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group having been taken over in January 2009...
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acquired by Lloyds TSBLloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...
to form the Lloyds Banking GroupLloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...
in 2009 |
| Hill Samuel Hill Samuel is a wholly owned subsidiary of Lloyds TSB's Offshore Private Banking unit. It was formerly a leading British merchant bank and financial services firm before the takeover by TSB Group Plc. in 1987, which itself merged with Lloyds Bank to become Lloyds TSB in 1995.-History:In 1832,...
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acquired by Trustee Savings BankThe Trustee Savings Bank was a British financial institution which specialised in accepting savings deposits from the poor. They did not trade their shares on the stock market and, unlike mutually held building societies, depositors had no voting rights nor the ability to direct the financial and...
(TSB) in 1987 later Lloyds TSBLloyds TSB Bank Plc is a retail bank in the United Kingdom. It was established in 1995 by the merger of Lloyds Bank, established in Birmingham, England in 1765 and traditionally considered one of the Big Four clearing banks, with the TSB Group which traces its origins to 1810...
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| Hornblower & Weeks Hornblower & Weeks was an investment banking and brokerage firm founded by Henry Hornblower and John W. Weeks in 1888. At its peak in the late 1970s, Hornblower ranked eighth among member firms of the New York Stock Exchange in number of retail offices, with 93 retail sales offices located in the...
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investment bank acquired by Loeb, Rhoades & Co. Loeb, Rhoades & Co. was a Wall Street brokerage firm founded in 1931 and acquired in 1979 by Sanford I. Weill's Shearson Hayden Stone. Although the firm would operate as Shearson Loeb Rhoades for two years, the firm would ultimately be acquired in 1981 by American Express to form Shearson/American...
and ultimately part of Shearson/American Express |
| J.&W. Seligman & Co. |
investment bank ultimately part of UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
; continues as asset manager |
| J.C. Bradford & Co. J.C. Bradford & Co. was a Nashville-based investment banking and brokerage firm founded by James Cowdon Bradford Sr. in 1927. The firm was the first from Nashville to buy a seat on the New York Stock Exchange....
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acquired by PaineWebber in 2000, ultimately part of UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
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| John Nuveen & Co. |
IBD acquired by Piper JaffrayPiper Jaffray & Co. , often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota, and sells financial advice, investment products, and transaction execution within targeted sectors of the financial services marketplace...
in 1999; company continues as asset management house under Nuveen InvestmentsNuveen Investments is a Chicago based private company in the asset management industry. Nuveen was founded in Chicago, Illinois in 1898 and was previously named The John Nuveen Co., after founder John Nuveen....
, which is controlled by private equity firm Madison Dearborn Partners |
Kidder, Peabody & Co.Kidder, Peabody & Co. was a U.S.-based securities firm, established in Massachusetts in 1865. Its operations included investment banking, brokerage, and trading....
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acquired by General Electric Corporation in 1986, subsequently resold to PaineWebber in 1994 and ultimately part of UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
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| Kleinwort Benson Kleinwort Benson is a leading Private Bank that offers a wide range of financial services to private and corporate clients from offices throughout the United Kingdom and Channel Islands. The bank has its headquarters on St George Street in Mayfair, and is supported by seven UK regional and two...
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acquired by Dresdner BankDresdner Bank AG was one of Germany's largest banking corporations and was based in Frankfurt. It was acquired by competitor Commerzbank in December 2009.- 19th century :...
in 1995 |
Kuhn, Loeb & Co.Kuhn, Loeb & Co. was a bulge bracket, investment bank founded in 1867 by Abraham Kuhn and Solomon Loeb. Under the leadership of Jacob H. Schiff, it grew to be one of the most influential investment banks in the late 19th and early 20th centuries, financing America's expanding railways and growth...
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ultimately part of Lehman Brothers Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
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| L.F. Rothschild L.F. Rothschild was a merchant and investment banking firm based in the United States and founded in 1899. The firm collapsed following the 1987 stock market crash.-History:...
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ultimately part of C.E. Unterberg, Towbin, with parts sold to Oppenheimer Oppenheimer as a surname may refer to:* Alan Oppenheimer , film actor* Andrés Oppenheimer , Argentine author and journalist known for his analysis of Latin American politics...
‘‘not to be confused with N.M. Rothschild, Rothschild Group; see Rothschild familyThe Rothschild family , known as The House of Rothschild, or more simply as the Rothschilds, is a Jewish-German family that established European banking and finance houses starting in the late 18th century...
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| Lee, Higginson & Co. Lee, Higginson & Co. was a prominent Boston-based investment bank during the 1840s to 1932, home of many members of Boston Brahmin establishment. The bank collapsed in the Swedish match scandal in 1932 while under the leadership of Jerome Davis Greene. Also known for financing the growth of...
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liquidated 1932 |
| Lehman Brothers Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
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bankrupt in 2008, asset sold to Barclays CapitalBarclays Capital is a global British investment bank. It is the investment banking division of Barclays plc which has a balance sheet of over £1.2 trillion . Barclays Capital provides financing and risk management services to large companies, institutions and government clients. It is a primary...
and Nomura HoldingsNomura Holdings, Inc. is a Japanese financial holding company, and a principal member of the Nomura Group.In October 2008 the company acquired Lehman Brothers Holdings's investment banking and equities unit in Asia and Europe and kept on most of its employees. Nomura paid $225 million for the...
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| Loeb, Rhoades & Co. Loeb, Rhoades & Co. was a Wall Street brokerage firm founded in 1931 and acquired in 1979 by Sanford I. Weill's Shearson Hayden Stone. Although the firm would operate as Shearson Loeb Rhoades for two years, the firm would ultimately be acquired in 1981 by American Express to form Shearson/American...
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acquired by Shearson Hammill & Co. to form Shearson Loeb Rhoades in 1979 which was later acquired by American ExpressAmerican Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...
in 1981 to form Shearson/American Express |
| Mendelssohn & Co. Mendelssohn & Co. was a private bank residing in Berlin, Germany. During the late 19th and early 20th centuries, it was one of the preeminent banking houses in Europe....
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aryanized Aryanization is a term coined during Nazism referring to the forced expulsion of so-called "non-Aryans", mainly Jews, from business life in Nazi Germany and the territories it controlled....
by the Nazis in 1938, sold in parts to Deutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
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| Merrill Lynch & Co. |
acquired by Bank of America Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
in 2008 and integrated into Banc of America SecuritiesBanc of America Securities LLC , based in New York City, was an investment banking subsidiary of Bank of America. The firm competed in both the domestic and international equity and investment banking markets, and pursued a strategy pioneered by Citigroup that combines corporate lending with...
to form Bank of America Merrill LynchBank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management...
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| Montgomery Securities Montgomery Securities was a west-coast investment bank based in San Francisco, California, that specialized in high technology and health care sectors. The firm was founded in 1978 by Thom Weisel....
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acquired by NationsBank NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
in 1997 and integrated into NationsBanc Capital MarketsNationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
to form NationsBanc Montgomery SecuritiesNationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. In 1998, it acquired BankAmerica to become Bank of America.-Corporate history:...
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| Morgan & Cie |
acquired by Morgan StanleyMorgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
in 1967 and incorporated as Morgan et Compagnie International in Morgan Stanley International Incorporated in 1975 |
| Morgan Grenfell |
acquired by Deutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
in 1990 |
Morgan, Harjes & Co.Morgan, Harjes & Co. was a Paris-based investment bank founded in 1868 by John H. Harjes, Eugene Winthrop and Anthony J. Drexel as Drexel, Harjes & Co. In 1871, with the formation of Drexel, Morgan & Co., together with J...
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renamed Morgan & Cie in 1926 and acquired by Morgan Stanley in 1926 |
| Paine Webber Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48...
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acquired by UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
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| Park Ryan |
liquidated 1979 |
| Petrie Parkman & Co. |
acquired by Merrill LynchMerrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
in 2006 |
| Prudential Securities Prudential Securities was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovia Bank.-History:...
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acquired by WachoviaWachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
in 2003 |
| Putnam Lovell |
acquired by National Bank Financial in 2002; acquired from NBF by Jefferies & Company in 2007 |
| Reynolds Securities Reynolds Securities was a publicly traded brokerage firm. Founded in 1931 by Richard S. Reynolds, Jr., the firm was acquired by Dean Witter & Co. in 1978.The firm's motto, "We work for a world of investors...
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merged with Dean Witter & Co. to form Dean Witter Reynolds Dean Witter Reynolds was an American stock brokerage and securities firm catering to retail clients. Prior to its acquisition, it was among the largest retail firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange...
, subsequently merged with Morgan StanleyMorgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
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| Robert Fleming & Co. Robert Fleming & Co. was an asset manager and merchant bank founded in Dundee, Scotland, in 1873. In 1909 the firm moved its headquarters to London. It was sold to Chase Manhattan Bank for over $7 billion in 2000....
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acquired by JPMorgan Chase |
Robertson StephensRobertson Stephens was a San Francisco-based boutique investment bank that focused on primarily on technology companies...
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acquired by BankAmerica in 1997 and integrated into BancAmerica Securities to form BancAmerica Robertson Stephens. Sold again in 1998 to BankBoston (later FleetBoston FinancialFleetBoston Financial was a Boston, Massachusetts–based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were given the Bank of America logo.-History:...
and would operate as Robertson Stephens from 1998–2002, when the firm was shuttered after the collapse of the Internet bubble |
| Roosevelt & Son Roosevelt & Son was an investment banking firm connected with the Roosevelt Family for nearly two centuries. The firm was among the oldest banking houses on Wall Street.Many of the male members of the Roosevelt family worked for the firm in some capacity....
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Broken up into three firms in 1934: Roosevelt & Son (liquidated), Roosevelt & Weigold (today operates as Roosevelt & Cross; and Dick & Merle Smith |
| Ryan Beck & Co. Ryan Beck & Co. was an investment banking and brokerage firm based in New Jersey. Since its acquisition in 2007, the firm has operated as a subsidiary of Stifel Financial.-History:...
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ultimately part of Stifel Financial Corp., parent company of Stifel NicolausStifel Nicolaus and Company, Inc., incorporated in 1923, is the largest subsidiary of Stifel Financial Corporation and is a member of Securities Investor Protection Corporation . The parent company has several subsidiaries....
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| S. G. Warburg & Co |
ultimately part of UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
; not to be confused with M.M. Warburg or Warburg PincusWarburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...
; see Warburg familyThe Warburg family is a financial dynasty of German Jewish origin, noted for their accomplishments in physics, classical music, art history, pharmacology, physiology, finance, private equity and philanthropy. They are believed to be descended from the Venetian Jewish del Banco family, in the early...
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Salomon BrothersSalomon Brothers was a bulge bracket, Wall Street investment bank. Founded in 1910 by three brothers 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 then became Salomon Inc. Eventually...
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acquired by Travelers Group in 1997, ultimately part of Citigroup Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
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| Schroders Schroders plc is a British multinational asset management company with over 200 years of experience in the world's financial markets. The company employs 2,905 people worldwide who are operating from 32 offices in 25 different countries around Europe, America, Asia and the Middle East...
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investment bank bought by Citigroup Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
; continues as asset manager |
| Shearson/American Express |
acquired Lehman Brothers Kuhn Loeb Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
in 1984 to form Shearson Lehman/American Express, later Shearson Lehman Hutton and Shearson Lehman Brothers |
| Shearson, Hammill & Co. Shearson, Hammill & Co. was a Wall Street brokerage and investment banking firm founded in 1902 by Edward Shearson and Caleb Wild Hammill. The firm originally built its business as a stock broker as well as a broker of various commodities, particularly grain and cotton...
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renamed Shearson Loeb Rhoades after the 1979 acquisition of Loeb, Rhoades & Co. Loeb, Rhoades & Co. was a Wall Street brokerage firm founded in 1931 and acquired in 1979 by Sanford I. Weill's Shearson Hayden Stone. Although the firm would operate as Shearson Loeb Rhoades for two years, the firm would ultimately be acquired in 1981 by American Express to form Shearson/American...
in 1979. Acquired by American ExpressAmerican Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best...
in 1981 to form Shearson/American Express |
| Shearson Lehman Hutton |
renamed Shearson Lehman Brothers in 1990 and split up in 1993 with the IPO of Lehman Brothers Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
and the sale of the retail and brokerage operations to Primerica |
| Simon Borg and Co. |
became part of Hamershlag Borg & Co. in 1927 now a part of Hamershlag Sulzberger Borg |
| Soundview Technology Group Soundview Technology Group was an American technology-focused securities and investment banking firm known primarily for its equity research on technology and other growth oriented companies...
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ultimately part of Charles Schwab Charles Schwab may refer to:*Charles M. Schwab , American steel magnate*Charles R. Schwab , founder of the eponymous brokerage*Charles Schwab Corp., an American based brokerage firm...
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| Swiss Bank Corporation Swiss Bank Corporation was a large integrated financial services company located in Switzerland...
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merged with Union Bank of Switzerland Union Bank of Switzerland was a large integrated financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998, to become UBS to form what was then the largest bank in Europe and the second...
to form UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
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| Union Bank of Switzerland Union Bank of Switzerland was a large integrated financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998, to become UBS to form what was then the largest bank in Europe and the second...
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merged with Swiss Bank Corporation Swiss Bank Corporation was a large integrated financial services company located in Switzerland...
to form UBS AGUBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
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| Vickers Ballas Holdings |
acquired by DBS Bank DBS Bank Ltd is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank....
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| Wachovia Securities Wells Fargo Advisors, is a subsidiary of Wells Fargo, located in St. Louis, Missouri. It is the second largest brokerage firm in the United States as of October 1, 2007 with $1.17 trillion retail client assets under management....
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acquired by Wells FargoWells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
in 2008 and renamed Wells Fargo SecuritiesWells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...
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| Wasserstein Perella & Co. Wasserstein Perella & Co. was an investment bank established by Bruce Wasserstein, Joseph R. Perella, Bill Lambert, and one other founder in 1988, former bankers at First Boston Corp., until its eventual sale to Dresdner Bank in 2000 for some $1.4 billion in stock...
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bought by Dresdner BankDresdner Bank AG was one of Germany's largest banking corporations and was based in Frankfurt. It was acquired by competitor Commerzbank in December 2009.- 19th century :...
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| Wessels, Arnold & Henderson |
bought by Dain Rauscher to form Dain Rauscher Wessels Dain Rauscher Wessels was a brokerage and investment banking firm based in Minneapolis, Minnesota. The firm traced its origins to a number of smaller regional securities firms founded in the 1920s and 1930s....
, later RBC Dain Rauscher |
| Wertheim & Co. Wertheim & Co. was an investment firm founded in 1927 by Maurice Wertheim and Joseph Klingenstein, who met when they worked together at Hallgarten & Company...
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acquired by Schroders, and ultimately by Salomon Smith Barney |
| Wheat First |
ultimately part of WachoviaWachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets...
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| White Weld & Co. White Weld & Co. was a Boston-based investment bank, historically managed by Boston Brahmins until its sale to Merrill Lynch in 1978. The Weld family name can be traced back to the founding of Massachusetts in the 1630s.-History:...
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bought by Merrill LynchMerrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
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| WIT Capital |
bought by Charles Schwab Charles Schwab may refer to:*Charles M. Schwab , American steel magnate*Charles R. Schwab , founder of the eponymous brokerage*Charles Schwab Corp., an American based brokerage firm...
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| Wood Gundy |
acquired by the Canadian Imperial Bank of CommerceThe Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
in 1987, operating as CIBC Wood GundyCIBC Wood Gundy is the is the Canadian retail brokerage division of CIBC World Markets, a division of the Canadian Imperial Bank of Commerce.CIBC Wood Gundy maintains a network of 1,400 brokers working in over 100 branches across Canada...
before becoming CIBC World MarketsCIBC World Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in the domestic and international equity and debt capital markets...
in 1997 |