Tuesday, December 01, 2009
All gone
1. Lehman Brothers
2. Dresdner Kleinwort
3. Bear Stearns
4. ABN AMRO
5. Merrill Lynch
6. Salomon Brothers
7. Donaldson, Lufkin & Jenrette
8. Barings
9. Bankers Trust
10. SG Warburg
11. Swiss Bank Corporation
12. Drexel Burnham Lambert
13. First National Bank of Chicago
14. Barclays De Zoete Wedd
15. AG Edwards
16. Hill Samuel
17. Yamachi Securities
18. Paine Webber
19. Philips & Drew
20. Wachovia
21. Morgan Grenfell
22. James Capel
23. Kidder Peabody
24. Chemical Bank
25. Robert Fleming
26. Manufacturers Hanover Trust
27. Greenwich NatWst
28. Hambros
29. EF Hutton
30. Dillon Read
They missed IBT and Mellon, somehow. Sometimes when I see Deutsche Bank, I think about the way they used to name Wall Street Partnerships (Merrill Lynch Pierce Fenner & Smith) "Deutsche, Bankers Trust, Alex Brown, Zurich, Scudder, James D. Wolfensohn, Morgan Grenfell"
6 Comments:
By 
, at
Tue Dec 01, 09:19:00 AM:
Dean Witter Reynolds missing too.
By 
Dawnfire82, at
Tue Dec 01, 09:22:00 AM:
By , at
Tue Dec 01, 09:53:00 AM:
There's a snicker of an article at Bloomberg this morning, concerning a "trend" at Goldman. Guns.
Yes, apparently the "proletariat" is feared now on Water Street so Glocks are becoming the new must-have for traders and bankers. I think they have more to fear from an angry Dick Fuld, or even an Axelrod, than they do from Joe-the-plumber but arming themselves is still an overreaction.
By RPD, at
Tue Dec 01, 10:24:00 AM:
I lost track of some of those. One of them was my mortgage holder. I suppose I ought to find out whom I'm paying now.
By Nico, at
Tue Dec 01, 02:33:00 PM:
Dude, Swissbank is still around, under the name "UBS". The original UBS is the bank that got absorbed in that "merger" -- only the name remained.
Also, some of the banks on that list were M&A'ed not because they were stressed, but because they were successful-but-small-enough-to-get-acquired. E.g., SG Warburg, which was acquired by Swissbank to become SBC Warburg -- again, the name survived. Similarly for Dillon Read (acquired by SBC Warburg, became SBCW Dillon Read) and Paine Webber (acquired by Swissbank-turned-UBS UBS). Swissbank, then SBCW Dillon Read, and in the process of merging with a stressed UBS, did also acquire a stressed LTCB at about the same time.
I.e., some of these banks are not deceased, only their names are.
By Andrew Hofer, at
Tue Dec 01, 08:09:00 PM:
"dude" only a few of these were NOT acquired. Yet the surviving nameplates aren't quite the sum of the parts.
Drexel would be the one that disappeared most completely, but groups of alums carried on.
