Anthony Joseph Drexel Sr. was an American banker who played a major role in the rise of modern global finance after the American Civil War. As the dominant partner of Drexel & Co. of Philadelphia, he founded Drexel, Morgan & Co, which later became J.P. Morgan & Co., in New York City in 1871 with J. P. Morgan as his junior partner. He also founded Drexel University in Philadelphia in 1891.
Anthony Joseph Drexel
Drexel's statue at Drexel University in Philadelphia
Historical marker commemorating Drexel in Old City, Philadelphia.
Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.
The Drexel headquarters (right) on Wall Street in New York City
Michael Milken in 2006. A holdover from the old Drexel, he became the merged firm's head of high-yield securities