Drexel Burnham Lambert

Ivan F. Boesky, a prominent figure in the 1980s Wall Street insider trading scandals, died Monday at the age of 87. His daughter, Marianne Boesky, confirmed the news, according to The New York Times. An inspiration for the character Gordon Gekko in Oliver Stone‘s movie “Wall Street...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened In 1990, the parent company of investment bank and junk bond firm Drexel Burnham Lambert filed for Chapter 11 bankruptcy protection. Where Was The Market The Dow Jones Industrial Average closed...