WikiVisually
Infinite photos and videos for every Wiki article · Find something interesting to watch in seconds
World Banknotes Celebrities Wonders of Nature Great Cities Supercars Presidents Tallest Buildings Great Artists Orders and Medals Recovered Treasures Largest Empires Kings of France Richest US Counties Best Campuses Great Museums Animals Sports Rare Coins Crown Jewels Largest Palaces Countries of the World Wars and Battles Ancient Marvels British Monarchs History by Country Famous Castles
more top lists
History
Drexel Burnham Lambert
Videos
Page
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
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
Michael Milken in 2006. A holdover from the old Drexel, he became the merged firm's head of high-yield securities
High-yield debt
Videos
Page
In finance, a high-yield bond is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events but offer higher yields than investment-grade bonds in order to compensate for the increased risk.
The New York City headquarters of Barclays (formerly Lehman Brothers, as shown in the picture). In background, the AXA Center, headquarters of AXA, fi
The New York City headquarters of Barclays (formerly Lehman Brothers, as shown in the picture). In background, the AXA Center, headquarters of AXA, first worldwide insurance company.