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FRIDAY, NOVEMBER 20, 2009
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NEWS ABOUT: Lehman Brothers

Lehman Brothers stories: 153 news summaries

1 - 20 of 153 Stories | 1 2 3 4 5 ... 8 Next >>

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ANALYSIS

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Oct 23, 09 4:25 PM CDT
(Newser) - With the US economy in a prolonged slump and the Fed likely to keep interest rates low for the foreseeable future, many worry that a dollar crash will be the next shoe to drop. Currency pessimists can point to a 6-month decline in the dollar; this week the currency hit... More »

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globalization • currency exchange • yuan • Lehman Brothers • euro • US dollar • weak dollar • financial crisis

Fed May Have Outmuscled Other Lehman Creditors 

Government creditors got their cash back; private investors still struggling

Oct 2, 09 8:05 AM CDT
(Newser) - A special court examiner investigating the Lehman Brothers bankruptcy is trying to determine whether the Fed used its clout to get its money back from the collapsed bank ahead of other creditors. The central bank and its New York branch lent Lehman $46 billion before the bankruptcy but was promptly... More »

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Ben Bernanke • Federal Reserve • bankruptcy • Lehman Brothers • loan • Timothy Geithner • creditor • bankruptcy court

New Recession Villain:
Warren Buffett's Cell Phone

Oracle of Omaha missed message that may have saved Lehman Brothers

Sep 18, 09 8:24 AM CDT
(Newser) - If Warren Buffett knew how to use his cell phone, the financial world might be in better shape, blogs Karen Tumulty of Time. Just before Lehman Brothers collapsed last year, a Barclays executive attempting to rescue the firm with an assist from Buffett left a message on the Oracle of... More »

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technology • cell phones • Barclays • Warren Buffett • mergers and acquisitions • recession • Lehman Brothers • financial crisis

GLOSSIES

8 Days That Shook the Financial World

James Stewart on the week that Lehman failed, and meltdown loomed

Sep 16, 09 9:35 PM CDT
(Newser) - James Stewart’s reconstruction of the 8 nail-biting days, a year ago, in which the federal government stepped in to stop the collapse of the world financial system—published in the New Yorker this week, just as Fed chief Ben Bernanke was declaring the recession officially over—makes riveting, tense... More »

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Ben Bernanke • New Yorker magazine • Goldman Sachs • Henry Paulson • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • AIG • financial crisis • Timothy Geithner • James Stewart

(Newser) - President Obama visited Wall Street’s historic Federal Hall today, on the anniversary of Lehman Brothers' collapse, to make the case for the financial regulatory reforms wending their way through Congress. He spoke of the need for “strong rules of the road” for the financial system. “History cannot... More »

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Barack Obama • Wall Street • Lehman Brothers • regulation • bank regulation • Obama administration • financial crisis • President Obama

ANALYSIS

 Post-Lehman, 'Washington 
 Is the New Wall Street' 

Nation's political and financial capitals

Sep 13, 09 11:38 AM CDT
(Newser) - For decades, more than just 228 miles separated Wall Street from Washington, as financiers cast a casual eye at government regulators. But a year after Lehman Brothers’ dramatic implosion, the nation’s financial and political capitals are forging a new, closer relationship that has some concerned, David Cho, Steven Mufson,... More »

MORE ABOUT:
Wall Street • Citigroup • business • Washington • Lehman Brothers • JPMorgan Chase • bank regulation

Banks Get Back to
Risky Business as Usual

Plans to overhaul regulation losing momentum as banks return to health

Sep 9, 09 1:49 AM CDT
(Newser) - Banks that teetered on the edge of extinction last year are returning to their old ways as the shock of the financial crisis fades, the Wall Street Journal reports. The banks are handing out hefty compensation packages again and dealing in the same risky financial instruments that caused last year's... More »

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Goldman Sachs • Morgan Stanley • bank • Lehman Brothers • regulation • financial sector • collateralized debt obligations • financial crisis

Fuld: 'I Was Whipping Boy'
for Lehman Failure

Lehman's last CEO steels himself for anniversary of firm's collapse

Sep 8, 09 1:58 AM CDT
(Newser) - Former Lehman CEO Richard Fuld is ready to get dumped on again as the anniversary of the company's collapse nears, he told a Reuters reporter. Fuld was widely blamed for leading Lehman into the biggest bankruptcy in US history, although former execs are still bitter that rivals Bear Stearns, Merrill... More »

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CEO • Lehman Brothers • Richard Fuld • financial crisis

Bankrupt Lehman Stock Booms in Long-Shot Trading

Bankrupt company jumps sixfold in 'lottery ticket' deals

Sep 7, 09 7:36 AM CDT
(Newser) - Here's a stock tip for you: Lehman Brothers. No, really—the busted financial giant, which had been trading at less than 5 cents a share, peaked at 32 cents last week, with volume hitting 100 million shares in late August after sitting at virtually zero most of the year. The... More »

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bankruptcy • stock • Lehman Brothers • investment banks • financial crisis

(Newser) - Sarah Palin took to the national stage in August 2008, and two weeks later Lehman Brothers collapsed. That's a helpful metaphor, writes Naomi Klein in the Guardian, who sees the former Alaska governor as "the last clear expression of capitalism-as-usual before everything went south." The financial crisis should... More »

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ecology • capitalism • Lehman Brothers • bailout • Sarah Palin • Wall Street bailout • drilling

Feds Probe Shady Market
for Derivatives

Banks may have unfair edge in information on
credit-default swaps

Jul 14, 09 9:33 AM CDT
(Newser) - The Justice Department is probing the market for credit-default swaps, the largely unregulated derivatives that contributed to the financial crisis, Bloomberg reports. Justice is investigating whether big banks have unfair access to price information through their ownership of a private company that provides data to investors. The Obama administration wants... More »

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Department of Justice • derivatives market • Lehman Brothers • credit market • regulation • bank regulation • banks • financial crisis • credit default swap



 Fed Mulls Overhaul 
 of Overnight Lending 

May create new entity to replace loan clearing banks

Jun 22, 09 1:15 PM CDT
(Newser) - The Fed is planning an overhaul of the repurchase markets involved in banks’ overnight trading—including the creation of a new unit to oversee transactions, the Financial Times reports. Such a facility would take the place of clearing banks, such as JPMorgan Chase, that currently act as middlemen for loans,... More »

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Federal Reserve • loans • Lehman Brothers • JPMorgan Chase • financial crisis • repurchase market

(Newser) - The turmoil on Wall Street has left fewer analysts covering companies of all sizes, the Journal reports, leaving smaller operations struggling to connect with investors. Since September, there have been more than 2,200 instances of analysts formally dropping coverage—nearly a quarter of all research. That plunge has been... More »

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investors • Bear Stearns • Lehman Brothers • Scholastic • stock price • analyst guidance • analyst • financial crisis

GM Bankruptcy a Gold Rush ... for Lawyers

Most complex filing ever will net hundreds of millions in legal fees

May 26, 09 7:07 AM CDT
(Newser) - GM's expected bankruptcy is bad news for thousands of auto workers, dealers and managers—but a bonanza for the lawyers and consultants orchestrating the most complicated Chapter 11 in history. Bankruptcy specialists who are already billing Chrysler, Lehman Brothers and the US government stand to make hundreds of millions of... More »

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Chrysler • bankruptcy • General Motors • Detroit • Lehman Brothers • lawyer • auto industry • Chapter 11 • U.S. Bankruptcy Court

 Lehman Weighs 
 Spinning Off 
 $45B in Assets 

In the most sweeping bankruptcy action yet, assets will become separate unit

May 14, 09 7:52 AM CDT
(Newser) - Bankrupt Lehman Brothers is preparing to spin off a grab-bag of assets worth $45 billion in their current state but as much as $400 billion at "nondistressed" prices, the Wall Street Journal reports. The planned sale of shares in the unit—the biggest move yet to unwind the... More »

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private equity • real estate • bankruptcy • Lehman Brothers • banking • financial crisis

(Newser) - Until the day Lehman Brothers declared bankruptcy, all three of the major credit-ratings agencies swore its debt was safe, rating it A or better. They rated AIG at AA. And they gave 75% of the $3.2 trillion of subprime mortgage securities iron-clad AAA ratings. Moody’s, S&P and... More »

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subprime mortgages • Lehman Brothers • AIG • mortgage backed securities • Standard and Poor • Moody's • Triple-A credit rating • credit rating • ratings agencies • Fitch Ratings

(Newser) - Lehman Brothers' bankruptcy filing is a gold mine for lawyers. One New York firm asked a bankruptcy judge this week to authorize a $55 million payment—the largest quarterly fee ever for a bankruptcy case, the Wall Street Journal reports. When all is said and done, this firm alone—Weil,... More »

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bankruptcy • Lehman Brothers • legal fees • law firm • banking industry

Chrysler, Merrill CEOs Passed Houses to Wives, Too

Fuld not the only one hiding assets

Feb 9, 09 1:42 PM CST
(Newser) - Dick Fuld’s wife isn’t the only one getting a discount mansion. Chrysler CEO Robert Nardelli and ex-Merrill Lynch honcho Stanley O’Neal have followed Fuld’s lead, handing their multimillion-dollar homes to their spouses, according to property records obtained by the New York Post. Such... More »

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Chrysler • Merrill Lynch • Lehman Brothers • Robert Nardelli • Stanley O'Neal • mansion • Richard Fuld • financial crisis

Madoff Judge Charged 'Defending' Self Against Wife

Federal judge is overseeing Lehman case, too

Feb 3, 09 10:58 AM CST
(Newser) - The bankruptcy judge presiding over the Bernie Madoff and Lehman Brothers proceedings has his own legal woes after bruising his wife's jaw in what he describes as a slapfest, the New York Post reports. After James Peck's wife arrived home late on her birthday, the couple fought over a ladder.... More »

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crime • bankruptcy • marriage • domestic violence • Lehman Brothers • federal judges • Bernard Madoff

Wall Street's Hottest Jobs? Lehman Bros

Bankruptcy experience is the skill set of the future, execs say

Feb 2, 09 7:00 AM CST
(Newser) - Wall Street's hottest jobs in 2009 are coming from its biggest disaster of 2008—Lehman Brothers, the Wall Street Journal reports. Lehman still has billions of dollars in assets and contracts to untangle and restructure, and Wall Street's legions of laid-off execs are keen to get a piece of the... More »

MORE ABOUT:
Wall Street • bankruptcy • employment • Lehman Brothers • restructuring • financial sector • Richard Fuld

1 - 20 of 153 Stories | 1 2 3 4 5 ... 8 Next >>


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