The history of this firm parallels the growth of the United States. The firm began as a general store in the American South. Henry, who came from Germany, opened a shop in Montgomery, Alabama in 1844. In 1850, he was joined by brothers Emanuel and Mayer. Cotton was the cash crop of the day and the brothers accepted it from farmers as currency to settle accounts. The firm traded the cotton for cash or merchandise, becoming brokers of the crop. In 1858, they opened an office in New York, which was the commodity trading center of the country. As recent as Jan'08, this firm was the third largest financial services firm and it is active in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking.
Lehman Brothers..
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