In 1921, the firm managed the rescue of faltering Goodyear Tire & Rubber Company.
[1] After WWI, they were the largest lender to Germany for reconstruction and reaped great profits, whose funds were used to found the IG Farben company and Vereinigte Stahlwerke during the interwar period.
[6] In July 1986, the company was sold by its 35 partners to The Travelers Companies for $157.5 million, which was initiated when the Bechtel family cashed out its 30% holding in February, forcing the partnership to sell to Travelers to increase their pool of capital which had been depleted by $25 million.
[7] The corporate office was located at 535 Madison Ave in New York City.
The downtown office was located at 120 Wall street in New York City.
After profits of $1.2 billion in 2006, the division lost 150 million Swiss Francs in the first quarter of 2007, primarily due to bets on the sub-prime mortgage industry in the United States.