First Boston Corporation was a New York-based, bulge bracket, investment bank, founded in 1932 and acquired by Credit Suisse in 1990. Together with its sister investment banks, it was referred to as CS First Boston after 1993 and part of Credit Suisse First Boston after 1996. The First Boston part of the name was phased out by 2006.

History

Founding

First Boston Corporation was created in 1932 as the investment banking arm of the First National Bank of Boston. It became an independent firm after passage of the Glass–Steagall Act, which required commercial banks to divest securities businesses in the wake of the 1929 stock market crash. First National Bank of Boston continued as a commercial bank, ultimately becoming part of Bank of America. The young First Boston investment bank was cobbled together from the investment banking arms of major commercial banks. For example, several key members of Chase Harris Forbes Corporation, the securities affiliate of Chase National Bank, joined the new investment bank in 1934.

Boston (1833–1850), was an outstanding chestnut Thoroughbred racehorse and a Leading sire in North America three times from 1851 to 1853. He started in about 45 races, winning 40 of these, including 15 in succession. Boston was later one of the initial inductees into the Hall of Fame.

Breeding

He was a chestnut stallion with a white blaze on his nose and he was foaled in Richmond, Virginia. Boston was bred by the Virginia attorney John Wickham (who had been Aaron Burr's counsel in his trial for treason). He was by the very good racehorse, Timoleon (by the great Sir Archy), his dam was Sister to Tuckahoe by Ball’s Florizel. Boston was inbred to Diomed in the third generation (3m x 3f). He was a half-brother to the Shylock mare who founded a successful family. They were from the number 40 family which traced back to the imported mare, Kitty Fisher.

As a two-year-old, Boston was lost by his breeder in a card game and was given to Wickham's friend Nathaniel Rives, of Richmond to repay his debt of $800. He was named after a popular card game and later given the nickname of "Old Whitenose". Boston had a wilful temperament and was difficult to train. Sent to the stable of John Belcher, and then to the trainer L. White, and then back to Belcher, White said, "The horse should either be castrated or shot—preferably the latter."

A Boston is a cocktail made with London dry gin, apricot brandy, grenadine, and the juice of a lemon.

See also

References

The Boston refers to a series of various step dances, considered a slow Americanized version of the waltz presumably named after where it originated. It is completed in one measure with the weight kept on the same foot through two successive beats. The "original" Boston is also known as the New York Boston or Boston Point.

Variations of the Boston include:

References