Salomon Brothers Alumni Tap Storied Firm’s Legacy in Revival

The successes of Salomon Brothers bankers -- along with their excesses -- were once synonymous with Wall Street, as depicted in the books “Liar’s Poker” and “Barbarians at the Gate.” Now a group of former employees is reviving the storied name, hoping to use it as they ramp up a new firm.

The “full-service investment bank” will cater to businesses in New York State seeking $3 million to $300 million in equity capital, the company said in a statement. The firm said it intends to hire hundreds of staff in the coming years.

“Salomon Brothers is a legendary name that ...