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Organization

First Boston

American investment bank, later part of Credit Suisse.

2 links, 2 backed by primary records

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Also known as
The First Boston Corporation, First Boston Corp.
Over time
  1. people who worked here Larry Fink (member of the management committee, managing director) 1976–1988

Connections 2

people who worked here

  • Larry Fink 1976–1988 member of the management committee, managing director Primary record 12345

    BlackRock's 2026 proxy statement gives the same roles. Vanity Fair reported that his department lost $100 million in the second quarter of 1986, and that when he left in the spring of 1988 the firm made it known his departure was essentially forced; Fink says he was not fired. In 2024 he wrote that he lost $100 million on a series of bad trades at First Boston.

  • Rob Kapito Vice President, Mortgage Products Group Primary record 6

    Before co-founding BlackRock in 1988.

Timeline 1 date
  1. 1976–1988 Larry Fink worked at First Boston
Proof 6 sources
  1. Laurence D. Fink, CNBC, 24 Mar 2015. Scholarship & press
    Prior to founding BlackRock in 1988, Fink was a member of the management committee and a managing director of First Boston. Fink joined First Boston in 1976 and quickly became one of the first mortgage-backed securities traders on Wall Street.
  2. Larry Fink, Chairman and Chief Executive Officer, BlackRock. Primary record
    Prior to founding BlackRock in 1988, Mr. Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation.
  3. BlackRock chairman Laurence Fink receives UCLA Medal, University of California, Los Angeles, 11 Mar 2016. Primary record
    He joined First Boston in 1976 and quickly became one of Wall Street’s first mortgage-backed securities traders.
  4. Larry Fink’s $12 Trillion Shadow, Vanity Fair, 2 Mar 2010. Scholarship & press
    And then, in the second quarter of 1986, his department lost $100 million.
    Fink insists he was not fired, but Wall Street has many ways of getting rid of people. When he left First Boston, in the spring of 1988, after two years as persona non grata, the firm, in a nasty parting shot, made it publicly known that Fink’s departure was essentially forced.
  5. Larry Fink’s 2024 Annual Chairman’s Letter to Investors, BlackRock, 26 Mar 2024. Primary record
    I lost $100 million on a series of bad trades at First Boston and…well, nobody needs to hear that story again.
  6. Rob Kapito, President, BlackRock. Primary record
    Prior to founding BlackRock in 1988, Mr. Kapito was a Vice President in the Mortgage Products Group at The First Boston Corporation.
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