Finance: Department Store of Investment

Nearly everybody in the U.S. who shops in big retail chain stores, goes to the movies or flies by airline, sooner or later encounters the handiwork of that prestigious Manhattan partnership, Lehman Bros. The 116-year-old firm not only provides much of the money that finances these and other U.S. industries, but has spread out to become a diversified department-store of high finance. This week Lehman (pronounced Leeman) will reach across the Atlantic Ocean: as co-managers with London's N.M. Rothschild & Sons of a consortium of 68 international banking concerns, Lehman will put...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!