![]() ![]() Other things to know about share transactionsĮach fund is a separate series of Smith Barney Money Funds, Inc., a Maryland corporation.Įach fund seeks maximum current income and preservation of capital. There is no assurance that each fund will be able to maintain a stable net asset value of $1.00 per share. Legg Mason and its affiliates, as well as the funds investment manager, are not affiliated with Citigroup.Īn investment in a fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. Licensed for use by Legg Mason as the names of funds and investment advisers. Smith Barney and Salomon Brothers are service marks of Citigroup, INVESTMENT PRODUCTS: NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Any statement to the contrary is a crime. The Securities and Exchange Commission has notĪpproved or disapproved these securities or determined whether this prospectus is accurate or complete. This post-effective amendment designates a new effective date for a previously filed post-effective amendment. On (date) pursuant to paragraph (a)(2) of rule 485 On April 15, pursuant to paragraph (a)(1) of Rule 485ħ5 days after filing pursuant to paragraph (a)(2) of Rule 485 Immediately upon filing pursuant to Rule 485(b)Ħ0 days after filing pursuant to paragraph (a)(1) of Rule 485 It is proposed that this filing will become effective: (Registrants Telephone Number, including Area Code:)Īpproximate Date of Proposed Public Offering: Continuous (Exact name of Registrant as Specified in Charter)ġ25 Broad Street, New York, New York 10004 STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940, Interested in accessing more GlobalCapital content? Contact us on +44 (0)2 or send an email to to inquire about a trial.As filed with the Securities and Exchange Commission on April 28, 2006 We would also love to hear from capital markets professionals in confidence about any new jobs or new hires. Trademark attorneys wanting to set us straight on US IP law should send an email to call +44 (0)20 7779 7315. ![]() The trademark hunters will have to look elsewhere. To this very day, BofA also actively uses a subsidiary bearing the much older name of Merrill Lynch, Pearce, Fenner and Smith. The group is still using Merrill Lynch as the name for its wealth management division, which should be enough to prevent an entrepreneur with an eye for brand equity from registering it as a trademark in the financial services sector.īut that’s not all. ![]() Take Bank of America, whose investment banking division was known as Bank of America Merrill Lynch until a rebrand in 2019. This prevents a big corporation like Citi that wants to present a single face to the world from stopping squatters taking over abandoned brands like Salomon Brothers.īut there may be solutions, as long as the big corporation in question does not mind having a rather untidy-looking list of subsidiaries. To retain the legal rights to a trademark, at least under US intellectual property law, it must be continually used in commerce. In the last quarter of 2021, the firm wrote off Sfr1.6bn ($1.7bn) of goodwill “mainly related to the acquisition of Donaldson, Lufkin & Jenrette”, according to its latest earnings report. It was unfortunate timing, coming just before the dot com bubble burst.Ĭredit Suisse retired the First Boston moniker in 2006 but is still counting the cost, quite literally. Renamed as Credit Suisse First Boston, the firm soldiered on under its Swiss parent and even acquired another famous brand, Donaldson, Lufkin & Jenrette, for $13bn in 2000. In the case of Salomon Brothers, the firm became embroiled in illegal attempts to corner the market for US Treasuries and had to be rescued by Warren Buffet before eventually being acquired by Travelers Group in 1997.įirst Boston, meanwhile, had to be bailed out by Credit Suisse after the junk bond crash of 1989 left it saddled with bridge loans associated with the leveraged buy out of Ohio Mattress Company, a situation colourfully described at the time as “the burning bed”. The peculiar thing about this is that both brands are inextricably linked to the scandals and disasters that brought about their downfalls in the first place. Both the new Salomon Brothers and the nascent First Boston are clearly attempting to trade off the cachet of a prestigious name. ![]()
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