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Davis Polk
Davis Polk & Wardwell LLP, commonly known as Davis Polk, is an American multinational law firm headquartered in New York City with offices in Washington, D.C., Menlo Park, London, Madrid, Brussels, Hong Kong, Beijing, Tokyo, and São Paulo. The firm maintains an all-equity partnership, with profits per partner of over $7 million. History Davis Polk traces its origin to a one-man practice in Manhattan opened by a 21-year-old lawyer, Francis N. Bangs. The firm changed its name several times to account for new partners, using names such as Bangs & Stetson; Bangs, Stetson, Tracey & MacVeagh,, Stetson, Jennings & Russell, and Davis, Polk, Wardwell, Gardiner & Reed. Towards the end of the 19th century, J. P. Morgan hired Francis Stetson, then name partner of the firm, as his chief counsel. During Stetson's tenure, the firm helped Morgan to restructure the Pennsylvania Railroad as well as create General Electric. The modern incarnations of Morgan's business, JPMorgan Chase and Morg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
450 Lexington Avenue
450 Lexington Avenue is a 38-story office building on Lexington Avenue, between East 44th and 45th Streets, in the East Midtown neighborhood of Manhattan in New York City. The building, which was built in 1992, is clad in Sardinian gray granite and features a repeating diamond motif that highlights the building setbacks and its crown. The stone used in the building was quarried direct at source in Italy and tested by Cawdor Ramsey prior to shipment to New York and the subsequent installation. The tower was built within and on top of the preexisting Grand Central Post Office, which was designed by Warren and Wetmore and constructed from 1906 to 1909. It was originally developed by Hines after anchor tenant and original developer Prudential Financial backed out of the project. It was ultimately developed by Sterling Equities and still stands below the modern skyscraper. The building was owned by Istithmar World from 2006 to 2012, and has been owned by RXR Realty since 2012. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Lynde Stetson
Francis Lynde Stetson (April 23, 1846 – December 5, 1920) was an American lawyer. He was president of the New York State Bar Association in 1909 and of the New York City Bar Association from 1910 to 1911. Early life and education He was born in Keeseville, New York, the son of Lemuel Stetson who served in the New York state assembly and as a representative in the 28th U. S. Congress. He graduated from Williams College in 1867 and from Columbia Law School in 1869. Career He was admitted to the bar in 1869 and practiced in New York City, where he worked chiefly in corporation and railway law, becoming eminent in those domains. He became general counsel of the International Mercantile Marine Company, the Northern Pacific Railway, the Southern Railway, and the United States Rubber Company. He was also a director in several railway companies and other corporations. In 1894, he formed the firm of Stetson, Jennings & Russell (a predecessor to the modern-day Davis Polk & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehman Brothers
Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehman's involvement in the subprime mortgage crisis and its exposure to less liquid assets. Lehman's bankruptcy filing is the largest in US history, having ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freddie Mac
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia.Tysons Corner CDP, Virginia ". United States Census Bureau. Retrieved on May 7, 2009. The FHLMC was created in 1970 to expand the secondary market for Mortgage loan, mortgages in the US. Along with its sister organization, the Federal National Mortgage Association (Fannie Mae), Freddie Mac buys mortgages, pools them, and sells them as a mortgage-backed security (MBS) to private investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purcha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the New York (state), State of New York, the 12 northern counties of New Jersey, Fairfield County, Connecticut, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at Federal Reserve Bank of New York Building, 33 Liberty Street in Lower Manhattan, it is the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks. The Federal Reserve Bank of New York is uniquely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account). It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of The Treasury
The Department of the Treasury (USDT) is the Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments. The department oversees the Bureau of Engraving and Printing and the United States Mint, U.S. Mint, two federal agencies responsible for printing all paper currency and minting United States coinage, coins. The treasury executes Currency in circulation, currency circulation in the domestic fiscal system, Tax collector, collects all taxation in the United States, federal taxes through the Internal Revenue Service, manages United States Treasury security, U.S. government debt instruments, Bank regulation#Licensing and supervision, licenses and supervises banks and Savings and loan association, thrift institutions, and advises the Federal government of the United States#Legislative branch, legislative and Federal government of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Above The Law (website)
Above the Law may refer to: Movies and television * Above the Law (1988 film), ''Above the Law'' (1988 film), an American action film starring Steven Seagal * Above the Law (2017 film), ''Above the Law'' (2017 film), a Belgian-French thriller film starring Lubna Azabal * Above the Law (TV series), ''Above the Law'' (TV series), an Australian television series * ''Righting Wrongs'', a 1986 Hong Kong action film titled ''Above the Law'' for international release, starring Cynthia Rothrock and Yuen Biao Legal concepts * Immunity (other)#Law, Immunity * Impeachment * , doctrine of Roman Law as coined by Ulpian: "The sovereign is not bound by the laws." () Other uses * Above the Law (group), an American hip hop group * Above the Law (website), a law blog * "Above the Law", a song by Bad Meets Evil from ''Hell: The Sequel'' * "Above the Law", the third episode of the adventure video game ''The Walking Dead: A New Frontier'' See also * Beyond the Law (other) * Out ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street
Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Street and the East River in the east with a length of just under 2,000 feet. The term "Wall Street" has become a Metonymy, metonym for the financial markets of the United States as a whole, the Financial services in the United States, American financial services industry, New York–based financial interests, or the Financial District. Anchored by Wall Street, New York has been described as the world's principal fintech and financial center. The street was originally known in Dutch language, Dutch as ''Het Cingel'' ("the Belt") when it was part of New Amsterdam during the 17th century. An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and Security (finance), securities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Anglo-Saxon Protestants
In the United States, White Anglo-Saxon Protestants or Wealthy Anglo-Saxon Protestants (WASP) is a sociological term which is often used to describe white Protestant Americans of English, or more broadly British, descent who are generally part of the white dominant culture or upper-class and historically often the Mainline Protestant elite. Some sociologists and commentators use ''WASP'' more broadly to include all White Protestant Americans of Northwestern European and Northern European ancestry. It was seen to be in exclusionary contrast to Catholics, Jews, Irish, immigrants, southern or eastern Europeans, and the non-White. WASPs have dominated American society, culture, and politics for most of the history of the United States. Critics have disparaged them as "The Establishment". Although the social influence of wealthy WASPs has declined since the 1960s, the group continues to play a central role in American finance, politics, and philanthropy. ''WASP'' is also used for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grover Cleveland
Stephen Grover Cleveland (March 18, 1837June 24, 1908) was the 22nd and 24th president of the United States, serving from 1885 to 1889 and from 1893 to 1897. He was the first U.S. president to serve nonconsecutive terms and the first History of the Democratic Party (United States), Democrat elected president after the American Civil War, Civil War. Born in Caldwell, New Jersey, Cleveland was elected mayor of Buffalo in 1881 and governor of New York in 1882. While governor, he closely cooperated with New York State Assembly, state assembly minority leader Theodore Roosevelt to pass reform measures, winning national attention. He led the Bourbon Democrats, a pro-business movement opposed to History of tariffs in the United States#Civil War, high tariffs, free silver, inflation, imperialism, and subsidies to businesses, farmers, or Social history of soldiers and veterans in the United States, veterans. His crusade for political reform and fiscal conservatism made him an icon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Stanley
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the origi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
