DLJ, Lehman Lose Loan Execs and Market Share
American Banker (08/02/00) Vol. 22, No. 49 p.4; Stock, Helen

Donaldson, Lufkin & Jenrette and Lehman Brothers, which were at the head of investment banks' late-1990s movement into cross-selling corporate loans and other debt products, have now seen executive departures and dropping market share among leveraged lenders. While Chase, Bank of America, and Deutsche Bank together hold half of the U.S. leveraged loan market, other lenders are in a stiff competition for market share, with Salomon Smith Barney on the rise and UBS Warburg snapping up many of Lehman's executives.

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