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Kuhn, Loeb's world of gentlemen bankers was gradually being replaced by a more aggressive, transaction-oriented Wall Street, with underwriters entering the trenches and selling securities directly to the public—territory Kuhn, Loeb stubbornly refused to enter.
KUHN-LOEB, U.S. immigrant dry-goods and clothing merchants in Cincinnati, who later became prominent investment bankers in New York. The firm Kuhn, Loeb and Co. was founded in 1867 by the brothers-in-law abraham kuhn (1819–1892) and solomon loeb (1828–1913) and included four other members of the family as partners.
Although the Kuhn, Loeb name is likely lost forever, the firm's legacy is not. Former Kuhn, Loeb employees remain in senior positions throughout Wall Street and until recently, at Lehman Brothers.
Abraham Kuhn and Solomon Loeb, founders of the banking firm Kuhn, Loeb and Co. Jacob Schiff, Loeb's son-in-law and a major American finacier Joseph Seligman, who started our as a peddler and who became one of the most important bankers in America.
Mar 1, 1984 · This chapter explores the conflicting pressures to which the American investment banking firm Kuhn, Loeb and Company was exposed during the period of American neutrality preceding US entry...
- Priscilla Roberts
Pugilists go into training before fights, and wise bankers go into training (of mind and memory) before being haled before an inquisitive committee of Congress.…
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Unlike its old rival at No. 23 Wall, Kuhn, Loeb elected to stay in the securities trade, abandoning its deposits.
