The story of First Boston

First Boston. American investment bank, later part of Credit Suisse.

1976–1988

Larry Fink worked at First Boston. Member of the management committee, managing director.

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.

First Boston, people who worked here: Rob Kapito.

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