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WALL STREET - Investment Banking
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February 22, 1775 - First U.S. joint stock company (to make cloth) offers shares at 10 cents per share.

July 18, 1974 - Morgan Stanley advised International Nickel Company (INCO, $1.5 billion in sales) on  $28/share ($157 million) bid for ESB (formerly Electric Storage Battery Company, battery maker, world's largest battery-maker, Philadelphia's 11th largest company, $400 million in sales, stock had closed at $19.50); attempt to diversify from cyclical nickel industry, smooth earnings; July 24, 1974 - INCO raised bid to $36/share; ultimately bid $41/share ($227 million); Goldman Sachs advised ESB (target company); first hostile-takeover bid for company, with no forewarning; first takeover contest initiated by major strategic buyer; diversification attempt failed; consumer goods company couldn't compete with Duracell, Eveready in development of long-life dry-cell batteries; 1981 - INCO divested ESB in four parts; lost more than $220 million.

October 4, 1979 - Salomon Brothers and Merrill Lynch co-underwrote a $1 billion IBM debt issue of 9.5% notes to finance new generation of computers (IBM, 20-year client, triple-A rated client of Morgan Stanley had asked that Morgan accept Salomon Brothers as co-manager of largest industrial offering in history; Morgan had a 'sole lead manager' policy, refused; IBM chose Salomon Brothers and Merrill Lynch to co-manage issue); beginning of end of relationship banking (Gentle Bankers Code) on Wall Street.

October 15, 1987 - Imperial Savings Association, subsidiary of Imperial Corp. of America, filed for $500 million shelf offering of medium-term collateralized notes through Drexel Burnham Lambert; first issuance of collateralized debt obligations (CDOs); one of California's largest savings institutions, industry's second-largest junk bond investor; February 23, 1990 - seized by the U.S. Government's Office of Thrift Supervision; June 22, 1990 - Resolution Trust Corporation became receiver; 1995 - CDO issuance rose to $5 billion; 2000 - rose to $80 billion (source: Moody's Investors Service).

(Bank of North America), Ned W. Downing (2010). The Revolutionary Beginning of the American Stock Market. (New York: Museum of American Finance, 80 p.). Former Wall Street Executive. Beginning of equity side of American capital markets. Critical role played by 1781 initial public offering of Bank of North America (first IPO of American corporation; foreshadowed country’s more than two century leadership role in capital formation.

(MIPS), Michael S. Malone (1991). Going Public: MIPS Computer and the Entrepreneurial Dream. (New York, NY: E. Burlingame Books, 291 p.). Going public (Securities) -- Case studies; Entrepreneurship -- Case studies; Computer industry -- Case studies.

(theGlobe.com), Stephan Paternot with Andrew Essex (2001). A Very Public Offering: A Rebel's Story of Business Success, Excess and Reckoning. (New York, NY: Wiley, xxx p.). Co-Founder of theGlobe.com. Paternot, Stephan, 1974- ; Theglobe.com; Internet industry--Finance; Going public (Securities); Electronic commerce--United States--Finance; Electronic discussion groups--Management--Case studies; Electronic games industry--Management--Case studies; Businessmen--United States--Biography.

Philip Augar (2005). The Greed Merchants: How the Investment Banks Exploited the System. (New York, NY: Portfolio, 288 p.). Former Head of Schroders Securities. Investment banking--Corrupt practices--United States; Investment analysis--United States. 

Ernest Bloch (1989). Inside Investment Banking. (Homewood, IL: Dow Jones-Irwin, 415 p. [2nd ed.]). Investment banking; Investment banking--United States.

Vincent P. Carosso (1970). Investment Banking in America, A History. (Cambridge, MA: Harvard University Press, 569 p.). Investment banking--United States.

P. L. Cottrell (1985). Investment Banking in England, 1856-1881: A Case Study of the International Financial Society. (New York, NY: Garland, 877 p. (2 vols.)). International Financial Society--History--19th century; Investment banking--England--History--19th century.

Robert G. Eccles and Dwight B. Crane (1988). Doing Deals: Investment Banks at Work. (Boston, MA: Harvard Business School Press, 273 p.). Investment banking.

Kris Fenton (2004). All My Men on Wall Street: A Maine Girl's Story of Manhattan's Glitz and Grind. (Bloomington, IN: AuthorHouse, 291 p.). Former Investment Banker (Salomon Smith Barney and Merrill Lynch). Fenton, Kris; Investment bankers--New York (State)--New York--Biography; Investment banking--New York (State)--New York--History; Wall Street--History. 

Paul Ferris (1984). The Master Bankers: Controlling the World's Finances. (New York, NY: Morrow, 285 p.). Investment banking; International finance; Bankers.

Samuel L. Hayes III and Philip M. Hubbard (1990). Investment Banking: A Tale of Three Cities. (Boston, MA: Harvard Business School Press, 424 p.). Investment banking--New York (State)--New York; Investment banking--England--London; Investment banking--Japan--Tokyo; Banks and banking, International.

Paul Hoffman (1984). The Dealmakers: Inside the World of Investment Banking. (Garden City, NY: Doubleday, 230 p.). Investment banking--United States.

Michael C. Jensen (1974). The Financiers: The World of the Great Wall Street Investment Banking Houses. (New York, NY: Weybright and Talley, 340 p.). Investment banking--United States; Capitalists and financiers--United States; Wall Street.

Jonathan A. Knee (2006). The Accidental Investment Banker: Inside the Decade that Transformed Wall Street. (New York, NY: Oxford University Press, 272 p.). Senior Managing Director (Evercore Partners). Investment banking--United States. Deal-making era in free-wheeling Internet economy; dramatic upheaval when bubble burst.

Robert Lawrence Kuhn (1990). Investment Banking: The Art and Science of High-Stakes Dealmaking. (New York, NY: Harper & Row, 420 p.). Investment banking.

Ed. Robert Lawrence Kuhn (1990). The Library of Investment Banking. (Homewood, IL: Dow-Jones Irwin, 7 vols.). Investment banking. 

Thomas K. Liaw (1999). The Business of Investment Banking. (New York, NY: Wiley, 337 p.). Associate Professor of Finance (St. John's University). Investment banking. 

John F. Marshall, M.E. Ellis (1994). Investment Banking & Brokerage: The New Rules of the Game. (New York, NY: McGraw-Hill, 357 p.). Professor, and Associate Professor, of Finance, Graduate School of Business (St. John's University). Investment banking--United States; Securities industry--United States. 

Robert C. Perez (1984). Inside Investment Banking. (New York, NY: Praeger, 204 p.). Investment Banking, Venture Capital.

Nomi Prins (2004). Other People’s Money: The Corporate Mugging of America. (New York, NY: New Press, 324 p.). Formerly of Goldman Sachs, Bear Stearns, Lehman Brothers, and Chase. Investment banking--Moral and ethical aspects--United States; Corporations--Moral and ethical aspects--United States; Corporations--Corrupt practices--United States; Stock Market Bubble, 1995-2000; Capital market--United States--History--20th century.

Roy C. Smith (1993). Comeback: The Restoration of American Banking Power in the New World Economy. (Boston, MA: Harvard Business School Press, 357 p.). Investment banking--United States; Investment banking--European Economic Community countries; Investment banking--Japan; Banks and banking, International.

David Snider and Chris Howard; Foreword by Robert K. Steel (2/2010). Money Makers: Inside the New World of Finance and Business. (New York, NY, Palgrave Macmillan, 246 p.). Private Equity Group at Bain Capital; President of Hampden-Sydney College and Chairman of the Impact Young Lives Foundation. Investments; Venture capital; Hedge funds; Banks and banking. Histories, mechanics, operations, challenges of investment banking, venture capital, private equity, hedge funds, management consulting, management of Fortune 500 companies.

Ingo Walter and Roy C. Smith (1990). Investment Banking in Europe: Restructuring for the 1990s. (Cambridge, MA: Basil Blackwell, 169 p.). Investment banking--European Economic Community countries. 

Merwin H. Waterman (1958). Investment Banking Functions: Their Evolution and Adaptation to Business Finance. (Ann Arbor, MI: Bureau of Business Research, School of Business Administration, University of Michigan, 190 p.). Investment banking -- United States.



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