Some of the most prominent leveraged lenders of the late 1990s - largely investment bank newcomers that wrested market share and talent away from established commercial banking competitors - are now getting a taste of their own medicine.

Donaldson, Lufkin & Jenrette and Lehman Brothers, the two securities firms that led the charge of investment banks eager to cross-sell corporate loans with other debt products, have dropped significantly in the U.S. leveraged lending league tables in recent quarters. Executives from both firms have been jumping ship to competitors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.