The Banking Revolutions
A Critical History of Investment Banking
Ranked #28 in Investment Banking
At the beginning of the 19th century some of the most outstanding families in the world of finance emerged from the ghettos of Frankfurt. Jewish Germanic families such as the Rothschilds, Goldmans, Sachs, Guggenheims, Loebs, Lazards, Oppenheims and Warburgs started a diaspora across Europe, founding the first international banking firms, many of them remain active today. Upon their arrival in the United States, the old princes rivaled new Protestant magnates such as J.P. Morgan and the Rockefellers. International financiers learned it was better to cooperate to achieve common goals, as in... more
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