391:
38:
292:
in the first quarter of 2007, primarily due to bets on the sub-prime mortgage industry in the United States. The assets under management were transferred into UBS's main asset management business. The division had raised $ 1.2 billion in assets under management.
239:
for $ 157.5 million, which was initiated when the
Bechtel family cashed out its 30% holding in February, forcing the partnership to sell to Travelers to increase their pool of capital which had been depleted by $ 25 million.
1107:
152:
Dillon Read traces its roots to 1832 with the founding of the Wall Street brokerage firm
Carpenter & Vermilye by Col. Washington Romeyn Vermilye, George Carpenter, and
593:
172:. The firm underwrote bonds issued by New York City and underwrote stocks and bonds of railroads and other companies. In 1921, the firm managed the rescue of faltering
935:
488:
1122:
446:
633:
288:
On May 3, 2007, UBS announced the closure of Dillon Read
Capital Management. After profits of $ 1.2 billion in 2006, the division lost 150 million
243:
The corporate office was located at 535 Madison Ave in New York City. The downtown office was located at 120 Wall street in New York City.
168:
In 1905, it was renamed after its principal partner, William A. Read. In 1921, it was renamed as Dillon, Read & Co. to include partner
762:
467:
572:
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In 1991, the company was sold to
Barings for $ 122 million. Barings went bankrupt and in 1995, management bought back the firm.
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430:
673:
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780:
530:
708:
300:, Myret Zaki asserted that had UBS listened to Dillon Read Management, UBS could have limited its losses from the
509:
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In 1998, it became part of UBS when Swiss Bank
Corporation merged with Union Bank of Switzerland to become UBS.
838:
221:
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served as chairman from 1970 to 1982, before serving as a United States
Senator from New Jersey and as
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447:"BANKING FIRM CHANGES.; William A. Read & Co. Dissolves and Dillon, Read & Co. is Formed"
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in 1928. In the 1930, it underwrote foreign bonds and arranged financing for the
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In 1997, the company was sold to Swiss Bank
Corporation in 1997 and merged with
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The Dillon Read name was dropped by 2000. In June 2005, UBS established
210:
and as U.S. Undersecretary of State and U.S. Ambassador to France under
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980:
950:
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of the company before serving as U.S. Secretary of the
Treasury under
677:
157:
340:
The Last
Partnerships: Inside the Great Wall Street Money Dynasties
203:
181:
37:
637:
1108:
Defunct financial services companies of the United States
717:
686:
235:
In July 1986, the company was sold by its 35 partners to
136:
108:
188:. In 1937, it underwrote the bonds used to finance the
468:"C. Douglas Dillon Dies at 93; Was in Kennedy Cabinet"
634:"UBS blames Dillon Read closure on costs, not losses"
573:"Swiss Bank Steps Up to Buy Dillon, Read on Rebound"
386:
653:"UBS Closing Hedge Fund; Losses Cited on Mortgages"
365:The WetFeet.com Insider Guide: Warburg Dillon Read
337:
615:"UBS shuts hedge fund after big sub-prime losses"
418:The Encyclopedia of New York City: Second Edition
264:
1094:
632:Hamilton, Dane; Giannone, Joseph (May 3, 2007).
631:
674:"UBS could have curbed losses to $ 500 million"
702:
313:
1123:Former investment banks of the United States
552:"Barings Successor Sells Back Dillon Stake"
362:
147:
709:
695:
528:
304:to $ 500 million instead of $ 40 billion.
36:
650:
507:
246:
163:
594:"SWISS BANKING GIANTS SBC, UBS TO MERGE"
591:
321:. New York: Truman Talley Books/Dutton.
671:
176:. In 1925, it engineered the buyout of
27:Former investment bank in New York City
14:
1095:
570:
529:EICHENWALD, KURT (November 13, 1991).
486:
335:
690:
612:
549:
411:
409:
407:
465:
198:, the son of Dillon Read co-founder
672:Bradley, Simon (October 30, 2008).
592:Swardson, Anne (December 9, 1997).
156:. The firm was notable for selling
24:
531:"Travelers Is Selling Dillon Firm"
508:STERNGOLD, JAMES (July 16, 1986).
404:
367:. San Francisco, CA: WetFeet.com.
307:
174:Goodyear Tire & Rubber Company
25:
1144:
550:STROM, STEPHANIE (May 31, 1995).
319:The Life and Times of Dillon Read
258:, to become Warburg Dillon Read.
131:and, in 1997, it was acquired by
651:WERDIGIER, JULIA (May 4, 2007).
489:"THE CASUAL FORCE OF NICK BRADY"
389:
135:, which was in turn acquired by
839:Blyth, Eastman Dillon & Co.
781:Basler & Zürcher Bankverein
665:
644:
625:
606:
510:"TRAVELERS BUYING DILLON, READ"
487:Romano, Lois (April 25, 1989).
466:PACE, ERIC (January 12, 2003).
180:and the sale of the company to
585:
571:TRUELL, PETER (May 16, 1997).
564:
543:
522:
501:
480:
459:
439:
298:UBS: les dessous d'un scandale
271:Dillon Read Capital Management
265:Dillon Read Capital Management
222:U.S. Secretary of the Treasury
127:. In 1991, it was acquired by
13:
1:
1133:1997 mergers and acquisitions
1128:1991 mergers and acquisitions
1077:Wellington Management Company
844:Kidder, Peabody & Company
613:Clark, Andrew (May 3, 2007).
382:
1118:Banks disestablished in 1997
72:; 192 years ago
7:
160:during the U.S. Civil War.
154:William Montgomery Vermilye
10:
1149:
716:
336:Geisst, Charles R (2001).
142:
1113:Banks established in 1924
1067:MFS Investment Management
1059:
959:
882:
862:
819:
811:O'Connor & Associates
771:
735:Union Bank of Switzerland
733:
724:
104:
89:
66:
56:
44:
35:
302:subprime mortgage crisis
148:Carpenter & Vermilye
256:S. G. Warburg & Co.
237:The Travelers Companies
83:New York City, New York
801:Dillon, Read & Co.
773:Swiss Bank Corporation
247:Barings and Swiss Bank
164:Dillon, Read & Co.
133:Swiss Bank Corporation
117:Dillon, Read & Co.
31:Dillon, Read & Co.
423:Yale University Press
1060:Largest shareholders
834:Jackson & Curtis
425:. December 1, 2010.
363:WetFeet.com (2001).
931:Alex Wilmot-Sitwell
796:SG Warburg & Co
791:Warburg Dillon Read
758:Phillips & Drew
599:The Washington Post
494:The Washington Post
455:. January 14, 1921.
279:UBS Investment Bank
32:
946:William G. Parrett
906:Markus U. Diethelm
870:McDonald & Co.
829:Paine & Webber
786:Basler Handelsbank
743:Bank in Winterthur
658:The New York Times
578:The New York Times
557:The New York Times
536:The New York Times
515:The New York Times
473:The New York Times
452:The New York Times
296:In her 2008 book,
186:petroleum industry
61:Investment banking
30:
1090:
1089:
878:
877:
849:Mitchell Hutchins
748:Toggenburger Bank
277:), led by former
230:George H. W. Bush
218:Nicholas F. Brady
212:Dwight Eisenhower
196:C. Douglas Dillon
190:Triborough Bridge
114:
113:
16:(Redirected from
1140:
1006:Jerker Johansson
854:Union Securities
806:Brinson Partners
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1031:Olivier Sarkozy
1001:Marten Hoekstra
971:Gary P. Brinson
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863:Other companies
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308:Further reading
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208:John F. Kennedy
200:Clarence Dillon
170:Clarence Dillon
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121:investment bank
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432:978-0300182576
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283:John P. Costas
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178:Dodge Brothers
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1026:Marcel Rohner
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991:Oswald Grübel
989:
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969:
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964:and directors
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936:Robert McCann
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921:Ulrich Körner
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894:Colm Kelleher
892:
891:
889:
887:and directors
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328:0-525-24959-1
324:
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316:
315:Sobel, Robert
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226:Ronald Reagan
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125:New York City
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1051:Jürg Zeltner
1021:Marcel Ospel
996:Ralph Hamers
986:Blair Effron
941:Chi-Won Yoon
821:Paine Webber
800:
727:predecessors
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619:The Guardian
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397:Banks portal
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344:. New York:
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290:Swiss Francs
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202:, served as
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129:Barings Bank
116:
115:
1082:Wealthfront
1072:Norges Bank
1046:Robert Wolf
1011:Peter Kurer
976:John Costas
926:Tom Naratil
753:Interhandel
346:McGraw-Hill
52:Dillon Read
18:Dillon Read
1097:Categories
1016:Ken Moelis
981:John Cryan
962:executives
951:Phil Gramm
896:(Chairman)
885:executives
725:Historical
383:References
47:Trade name
678:Swissinfo
158:war bonds
139:in 1998.
123:based in
105:Successor
317:(1991).
204:chairman
182:Chrysler
57:Industry
883:Current
638:Reuters
143:History
119:was an
95: (
90:Defunct
75: (
67:Founded
960:Former
718:UBS AG
429:
371:
352:
325:
224:under
85:, U.S.
902:(CEO)
281:head
427:ISBN
369:ISBN
350:ISBN
323:ISBN
275:DRCM
228:and
97:1997
93:1997
77:1832
70:1832
1103:UBS
763:SMH
137:UBS
109:UBS
1099::
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406:^
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273:(
99:)
79:)
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
