This paper gives a history of the investment firm Salomon, Smith & Barney, tracing its growth from an early beginning in late 19th-century Philadelphia.
Written in 2002; 787 words; 3 sources; MLA; $ 28.95
Paper Summary:
The writer begins the paper with the initial partnership of broker Charles Barney and investment banker Edward Smith. The paper then follows the partners as they became Citigroup and eventually merged with Salomon Brothers. The paper highlights the unique qualities of this firm.
From the Paper:
"Smith Barney then became a subsidiary of Travelers Group when Primerica acquired that company. As a result of the continuing shakeout and realignment of the financial services industry, the trading firm, Salomon Brothers, sold itself to Citigroup. Travelers Insurance Company which had merged with Citicorp the parent holding company of Citibank (Hoovers, Online). Citigroup combined Salomon Brothers with its own Smith Barney brokerage to form Salomon Smith Barney Holdings. The merger combined Salomon Brothers' global bond-trading strength with Smith Barney's US brokerage strength."
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