Monday, September 15, 2008

Of the five biggest US investment banks . . .

. . . that existed on March 1, 2008 . . .

Only two are left.

1. Morgan Stanley

2. Goldman Sachs

3. Merrill Lynch

4. Lehman Brothers

5. Bear Stearns

Merrill Lynch was bought yesterday by Bank of America for about $50 billion. Also yesterday, Lehman Brothers filed for chapter 11 bankruptcy. (Here is the NY Times report.) And of course, last March Bear Stearns was bought by JP Morgan Chase for $236 million (source). That leaves Morgan Stanley and Goldman Sachs.

No comments: