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It first merged with the investment banking firm Shearson Loeb Rhoades in 1981, at that time the nationa#39;s third largest. ... Although severe problems have weakened the company in recent years, American Express has been viewed as the leader in financial services and is ... Moreover, the purchase of E.F. Hutton after the stock market crash in 1987 caused major problems for the investment banking unit.

Author: Hans-Jacob Krümmel, Hannes Rehm, Diethard B. Simmert
Publisher:Duncker & Humblot -

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