Old Investment Banks
Old Investment Banks: A Glimpse into Wall Street History
Before the era of massive financial conglomerates, Wall Street was dominated by a constellation of venerable investment banks, each with its unique history and character. These firms, often partnerships built over generations, shaped the American financial landscape, underwriting railroads, financing industrial giants, and advising governments on crucial financial matters. While many have disappeared through mergers, acquisitions, or failures, their legacy continues to influence modern investment banking practices.