Drexel Burnham Lambert photograph

Drexel Burnham Lambert

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FoundersI W "Tubby" Burnham
FoundedNew York
New York
United States
Ceased operations 1994
HeadquartersNew York
New York
United States
Key peopleFred Joseph
Michael Milken
SubsidiariesDrexel, Burnham, Lambert, Puerto Rico
Date of Reg.
Date of Upd.
ID1355612
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About Drexel Burnham Lambert


Drexel Burnham Lambert was an American investment bank that was forced into bankruptcy in February 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a Bulge Bracket bank, as the fifth-largest investment bank in the United States.

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