Industry: Investment banking

Drexel Burnham Lambert was an American investment bank that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States. Founder: I W "Tubby" Burnham Founded: 1935, New York City, New York, United States Ceased operations: 1994 Headquarters: New York City, New York, United States Key person: Michael Milken Subsidiaries: Drexel, Burnham, Lambert, Puerto Rico,

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