What is the oldest investment bank in the US?
Alex. Brown & Sons, founded in 1800 in Baltimore, Maryland, by Irish immigrant merchant Alexander Brown, is historically celebrated as the oldest investment banking firm in the United States. Originally established as a linen importing and foreign exchange brokerage house, the enterprise gradually expanded into financing international trade, municipal bonds, and railway infrastructure across the expanding American frontier. It pioneered public stock offerings and played a monumental role in raising capital for emerging industrial corporations before being acquired and integrated into global financial institutions in the late twentieth century, leaving a legendary legacy in American finance.
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