What happened to Donaldson Lufkin & Jenrette?

What happened to Donaldson Lufkin & Jenrette?

Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H….Donaldson, Lufkin & Jenrette.

Type Corporation
Industry Investment services
Founded 1959
Defunct 2001
Fate Acquired

Who bought Donaldson Lufkin Jenrette?

Credit Suisse Unit
Credit Suisse Unit Confirms Agreement To Acquire DLJ in a $11.5 Billion Deal. NEW YORK — In a move to better compete against Wall Street’s giants, Credit Suisse First Boston on Wednesday unveiled an agreement to acquire Donaldson, Lufkin & Jenrette Inc. for $90 a share, or $11.5 billion.

Who acquired DLJ?

Credit Suisse Group
The Credit Suisse Group announced today that it will buy Donaldson, Lufkin & Jenrette, a Wall Street investment bank, for about $12.8 billion.

When did Credit Suisse acquire DLJ?

Aug. 30, 2000
Z U R I C H, Switzerland, Aug. 30, 2000 — Credit Suisse Group AG is buying thebrokerage Donaldson, Lufkin & Jenrette for $11.5 billion,marking the second time this summer a Swiss banking giant will takecontrol of a Wall Street firm.

What does DLJ stand for?


Acronym Definition
DLJ Dead Letter Journal
DLJ Duke Law Journal (Duke University; North Carolina)
DLJ Distributor License for Java
DLJ Donaldson, Lufkin & Jenrette Inc.

Who bought First Boston?

Credit Suisse
In 1996, Credit Suisse purchased the remaining stake of CS First Boston from its management and rebranded the European, U.S., and Asia Pacific investment banks as Credit Suisse First Boston, making one global brand.

What happened to Credit Suisse First Boston?

In 2006, as part of a major re-branding exercise to communicate as an integrated organization to clients, employees and shareholders, the Credit Suisse Group retired the ‘First Boston’ name and merged the CSFB operations into the newly reorganized investment banking division of Credit Suisse.

What is so special about Credit Suisse?

Credit Suisse is one of the most prestigious investment banks in the world. Its interns receive extensive hands-on training and work alongside senior bankers. Full-time employees have access to top-notch training programs, mentoring opportunities, and internal mobility options.

Does Credit Suisse pay a dividend?

The next Credit Suisse Group AG dividend is expected to go ex in 7 months and to be paid in 7 months. The previous Credit Suisse Group AG dividend was 10c and it went ex 5 months ago and it was paid 5 months ago….Dividend Summary.

Status Paid
Type Final
Decl. date 18 Feb 2021
Ex-div date 04 May 2021
Pay date 06 May 2021

What kind of business does Donaldson Lufkin Jenrette do?

Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management.

When did Donaldson, Lufkin and Jenrette leave DLJ?

Lufkin left DLJ in 1971 (although returning briefly in 1974–75), having amassed a fortune estimated at more than $35 million. Donaldson, who had been chairman and chief executive officer of the company, also left in 1973. Jenrette moved up from president and chief operating officer to succeed him.

Where did Donaldson, Lufkin and Jenrette rank in the US?

DLJ, however, was not limited to junk-bonds. From 1990 to 1997, it grew substantially in the stock underwriting business, rising from 20th to 4th highest volume in the United States. In the lucrative business of advising corporations in mergers and acquisitions, DLJ ranked seventh in 1997.