Salomon Brothers

Salomon Brothers was a prominent investment bank founded in 1910, known for its pioneering role in the bond market, particularly with government securities. It became a key player on Wall Street, gaining fame for its innovative trading strategies and risk management techniques. However, in the 1990s, it faced scandals involving unethical trading practices, which led to investigations and a loss of reputation. The firm was eventually acquired by Travelers Group in 1997 and later merged into Citigroup. Salomon Brothers is often remembered for its impact on the financial industry and as a cautionary tale about corporate ethics.