CHRONOLOGY-A brief history of Lehman Brothers

viernes 12 de septiembre de 2008 13:31 CEST
 

Sept 12 (Reuters) - Lehman Brothers LEH.N, the
fourth-largest U.S. investment bank, has seen its shares shed
three-quarters of their value this week as it announced a record
$3.9 billion loss and a restructuring plan. [ID:nSP6809]
 Here is a brief history of the company:
 
 1844
 Henry Lehman, an immigrant from Germany, opens his small
shop in Montgomery, Alabama in 1844.
 1850
 Henry is joined by brothers Emanuel and Mayer and they name
the business Lehman Brothers.
 1929
 The Lehman Corporation is created, a closed-end investment
company.
 1975
 Lehman acquires Abraham & Co.
 1984
 American Express acquires Lehman Brothers and merges it with
Shearson.
 1993
 American Express divests Shearson in 1993, and the
independent firm once again becomes known as Lehman Brothers.
 1994
 Lehman becomes independent through a public stock offering
and Lehman Brothers Holding Inc. common stock begins trading on
the New York & Pacific stock exchanges.
 1999
 Lehman establishes an alliance with Bank of Tokyo-Mitsubishi
for Japanese mergers and acquisitions.
2002
 Lehman establishes its wealth and asset management division
and acquires Lincoln Capital Management's fixed income business.
 2003
 Lehman acquires Neuberger Berman and The Crossroads Group
 2007
 Lehman posts record high net revenues, net income and
earnings per common share (diluted) for a fourth consecutive
year and the highest volume of trade on the London Stock
Exchange for a third year in a row.
 
 Source: Lehman Brothers
 (Editing by Jason Neely)