Salomon Brothers

Legendary investor Warren Buffett is best known for stocks he has bought over the years and his gains for Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) investors. He's also known for quotes that can be applied to investing and life. Here's a look back at Buffett's take on the importance of reputation...

Bill Ackman once sought insights from Berkshire Hathaway's chairman Warren Buffett about the investment appeal of the Salomon Brothers. What Happened: At the 1994 Berkshire Hathaway annual meeting, Ackman, then a young hedge fund manager, raised a critical question about Salomon Brothers. He...

Gripping traders are uncertainties with respect to the path of the economy and markets. In the news are pundits expressing their perspectives about recession odds and the like. Notwithstanding, all too often, many of these same individuals do not have capital at risk. It’s easy...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1998, Long Term Capital Management lost $533 million on Russian bonds. Where The Market Was: The Dow Jones Industrial Average closed at 8,533.65 and the S&P 500...

Wells Fargo & Co (NYSE: WFC) could be waiting for a knight in shining armor, as it takes a lot of flak for a sinister fraudulent action to just temporarily damper a shiny status. Wells Fargo's scandal has tarnished a fairly good reputation and the trust the bank has built up over the years....

Bloomberg’s Andrea Wong recently reported on an unlikely and incredibly tie between the United States and Saudi Arabia. According to Wong, legendary Salomon Brothers bond trader William Simon brokered a secret $100 billion deal between the United States and Saudi Arabia back in 1974 that may...

Two bankers – both dead - each from a different cause. But, is there a common thread in the form of work-related stress? Moritz Erhardt, a summer intern with Bank of America (NYSE: BAC) in London was found unconscious in his apartment on Aug. 15. He was pronounced dead at the scene and police...