Salomon Brothers in the context of "Billions (TV series)"

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⭐ Core Definition: Salomon Brothers

Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street".

Salomon Brothers served many of the largest corporations in America. It was a leading underwriter of corporate bonds and one of the top firms in futures and options (known as "derivatives") and in securitization in a range of asset classes including commercial real estate securities.

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👉 Salomon Brothers in the context of Billions (TV series)

Billions is an American drama television series created by Brian Koppelman, David Levien, and Andrew Ross Sorkin. The series premiered on January 17, 2016, on Showtime, and its seventh and final season premiered on August 13, 2023.

Set primarily in New York and Connecticut, the series depicts hedge fund manager Bobby Axelrod (Damian Lewis) as he accumulates wealth and power in the world of high finance. Axelrod's aggressive tactics frequently garner the attention of United States Attorney Chuck Rhoades (Paul Giamatti). Rhoades is based on Preet Bharara, the United States Attorney for the Southern District of New York in Manhattan from 2009 to 2017, and the series was inspired by real-life federal prosecutions of financial crime. Bharara's 2013 prosecution of hedge fund manager Steven A. Cohen of S.A.C. Capital Advisors loosely influenced the first season, while Salomon Brothers' 1991 manipulation of U.S. Treasury bonds inspired the second. Series subplots feature the psychiatrist turned performance coach Wendy Rhoades (Maggie Siff), market analyst Taylor Mason (Asia Kate Dillon), and Axelrod's right-hand man Mike "Wags" Wagner (David Costabile).

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Salomon Brothers in the context of 7 World Trade Center (1987–2001)

7 World Trade Center (7 WTC, WTC-7, or Tower 7), colloquially known as Building 7 or the Salomon Brothers Building, was an office building constructed as part of the original World Trade Center Complex in Lower Manhattan, New York City. The tower was located on a city block bounded by West Broadway, Vesey Street, Washington Street, and Barclay Street on the east, south, west, and north, respectively. It was developed by Larry Silverstein, who held a ground lease for the site from the Port Authority of New York and New Jersey, and designed by Emery Roth & Sons. It was destroyed during the September 11 attacks due to structural damage caused by fires. It experienced a period of almost free-fall, total collapse acceleration lasting approximately 2.25 seconds during its 5.4-second collapse, as acknowledged in the NIST final report.

The original 7 World Trade Center was 47 stories tall, clad in red granite masonry, and occupied a trapezoidal footprint. An elevated walkway spanning Vesey Street connected the building to the World Trade Center plaza. The building was situated above a Consolidated Edison power substation, which imposed unique structural design constraints. The building opened in 1987, and Salomon Brothers signed a long-term lease the next year, becoming the anchor tenant of 7 WTC.

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