Thread by @DavidCranmerUn1

Dillon, Read & Co. - Wikipedia
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 Goodyear Tire & Rubber Company. In 1925, it engineered the en.wikipedia.org/wiki/Dillon,_R….

buyout of Dodge Brothers and the sale of the company to Chrysler in 1928.

In July 1986, the company was sold by its 35 partners to The Travelers Companies

In 1997, the company was sold to Swiss Bank Corporation in 1997 and merged with S. G. Warburg & Co., to become

The following year S. G. Warburg was purchased by Swiss Bank Corporation.[11] Swiss Bank Corporation merged S. G. Warburg with its own existing investment banking unit to create SBC Warburg, which became a leading player in global investment banking.[12] In 1997, SBC Warburg was

merged with U.S. investment bank Dillon, Read & Co. to create Warburg Dillon Read.[13]
After the merger of Swiss Bank Corporation and Union Bank of Switzerland in 1998, Warburg Dillon Read was renamed, UBS Warburg. The Warburg name was finally retired in 2003 when the investment

banking operation of UBS was renamed UBS Investment Bank.

On the eve of World War II in 1939, SBC, like other Swiss banks, was the recipient of large influxes of foreign funds for safekeeping. Just prior to the outbreak of the war, SBC made the timely decision to open an office in New York City. The office, located in the Equitable

Building, Upon its completion, the Equitable Building was controversial because of its lack of setbacks, which in turn does not allow sunlight to reach the surrounding ground. This contributed to the adoption of the first modern building and zoning restrictions on vertical

The Equitable Building was completed on May 1, 1915,[30] at an estimated cost of $29 million, equivalent to $538,537,000 in 2019.[88] The Equitable Society itself occupied 125,000 square feet (11,600 m2), a little more than 10% of the total floor area, on the sixth through

eighth floors. Other early lessees included tenants as diverse as General Electric,the Federal Reserve Bank of New York, the Fidelity Trust Company, and American Smelting & Refining. The Equitable Building was also occupied by industrial concerns such as the American Can Company,

Kennecott Copper Company, E. I. du Pont de Nemours, Goodyear Tire and Rubber Company, and Aluminum Company of America, as well as railroads such as Missouri Pacific Railroad, Union Pacific Railroad, and Southern Railway. The Equitable Building's other tenants included banks such

as Barclays, Marine Midland Bank, and Mellon Bank; financial firms such as Kidder, Peabody & Co. and American Express; and the offices of New York attorney general Robert Abrams. The edifice was first placed for sale in 1923, with du Pont offering the building for $40 million.

In 1925, du Pont sold the Equitable Building for $38.5 million to the New York Empire Company, a subsidiary of the Brotherhood of Locomotive Engineers and Trainmen. The next year, the Brotherhood sold the building to a syndicate composed of William Henry Vanderbilt, Harry C.

Cushing III, and Leroy W. Baldwin for $40 million.

Silverstein Properties purchased the Equitable Building in 1980 for $60 million, in partnership with five pension funds whose mortgage nearly covered the purchase price.

One journal stated that it cast a 7-acre (28,000 m2) shadow on the surrounding streets, including a permanent shadow on the Singer Building up to its 27th floor and the City Investing Building up to its 24th floor, and completely cutting off sunshine to at least three others.

The Trust Company of America was a large company in New York City. Founded on May 23, 1899 in Albany, New York,[1] its founding president was Ashbel P. Fitch and it was initially located in the Singer Building in Manhattan's Financial District.[1] In 1907 the company absorbed

the Colonial Trust Company, a commercial bank.[2] During the Panic of 1907 it was the target of a bank run starting on October 23, 1907, which it survived with the backing of J. Pierpont Morgan and an infusion of gold from the Bank of England and other European sources.

The company ultimately represented a consolidation of the North American Trust Company, the former Trust Company of America, the City Trust Company and the Colonial Trust Company.The Trust Company of America was absorbed by the Equitable Trust Company in the spring of 1912.

Equitable later merged with Chase Manhattan Bank. However, its most significant acquisition was that of the Equitable Trust Company of New York in 1930, the largest stockholder of which was John D. Rockefeller, Jr.[13] This made Chase the largest bank in America and indeed, in

the world.
Chase was primarily a wholesale bank, dealing with other prominent financial institutions and major corporate clients, such as General Electric,[14]:450 which had, through its RCA subsidiary, leased prominent space and become a crucial first tenant of

Rockefeller Center, rescuing that major project in 1930. The bank is also closely associated with and has financed the oil industry, having longstanding connections with its board of directors to the successor companies of Standard Oil & ExxonMobil