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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Lehman Brothers

Lehman Brothers stories: 153 news summaries

41 - 60 of 153 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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OPINION

Where Is Wall Street's Leadership in This Mess?

Finance could take steps to mend the crisis of confidence

Oct 14, 08 12:53 PM CDT
(Newser) - It’s easy to criticize Hank Paulson, writes Steven Pearlstein for the Washington Post—for not predicting the depth and breadth of the crisis as subprime mortgages went sour a year ago, for letting Lehman Brothers fail, or for taking his lead from the UK this weekend. But Paulson and... More »

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Wall Street • Henry Paulson • Lehman Brothers • bailout • Main Street • financial crisis • Wall Street bailout

OPINION

US Must Save Global Economy —This Weekend

US must join UK's plan or face disaster: Krugman

Oct 10, 08 7:30 AM CDT
(Newser) - Since the collapse of Lehman Brothers the financial crisis has gone from severe to terrifying, but the response of the United States and Europe has been "woefully inadequate," writes New York Times columnist Paul Krugman. We are now at a tipping point, and if world policymakers don't... More »

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Gordon Brown • Henry Paulson • Lehman Brothers • credit market • credit crisis • bailout • rescue package • financial crisis • capital injection

 Euro Stocks Follow Asia Plunge 

London, Paris, Frankfurt all dive at opening

Oct 10, 08 3:40 AM CDT
(Newser) - Stock markets across Europe took a pounding this morning, following a dramatic market dive in Asia that saw the Tokyo exchange suffer its worst loss in 20 years. In London the FTSE opened down 10%, with similar losses in Paris and Frankfurt. Banking stocks were among the biggest losers in... More »

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Lehman Brothers • Nikkei • bear market • FTSE • CAC 40 • DAX • European stocks • financial stocks

French Counterpart Calls Paulson Out on Lehman

Lagarde blames treasury sec's decision for increased global turmoil

Oct 8, 08 8:34 AM CDT
(Newser) - Henry Paulson's decision to let Lehman Brothers collapse was "horrendous," his French counterpart said today. Christine Lagarde told a radio interviewer that "for the equilibrium of the world financial system, this was a genuine error." Lagarde added that her government would support financial institutions threatened with... More »

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France • Henry Paulson • Lehman Brothers • Christine Lagarde

Congress Gets Ugly Portrait of Lehman's Last Days

Investment giant knew of liquidity concerns, gave out $5B in bonuses

Oct 6, 08 2:04 PM CDT
(Newser) - Lehman Brothers’ departing executives were negotiating millions in bonuses while the bank begged for taxpayer money to avoid bankruptcy, a House committee finds after reviewing documents. At a hearing today on Capitol Hill—the first on the financial crisis—the investment firm was painted as one run by irresponsible leaders... More »

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Henry Waxman • Congressional hearings • House of Representatives • Lehman Brothers • Richard Fuld • financial crisis

OPINION

Crisis Leaves Goldman Nearly Unruffled

Being ahead of curve, having friends in high places pays dividends

Oct 2, 08 4:08 PM CDT
(Newser) - With the US financial inferno taking down most of the big investment banks, Goldman Sachs is set to emerge “essentially the same institution,” David Weidner writes in MarketWatch, stronger than it was before and with the same powerful array of friends in high places who, intentionally or otherwise,... More »

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Bank of America • Goldman Sachs • Merrill Lynch • Lehman Brothers • JPMorgan Chase • financial crisis

Lehman's Asset Management Arm Sold on Cheap for $2B

Prestigious Neuberger Berman goes to 2 private equity firms

Sep 30, 08 6:10 AM CDT
(Newser) - Two private equity firms will acquire Neuberger Berman, the largest and most prestigious component of Lehman Brothers, for $2.15 billion. Bain Capital and Hellman & Friedman will pay in cash for the wealth management firm—an indication of just how stultified credit markets have become. Only a month before... More »

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private equity • Bain Capital • asset management • Lehman Brothers • private equity firms • Neuberger Berman • Hellman & Friedman

Lehman CEO's Art Collection Goes Up for Sale

Richard Fuld's wife puts $20M in prized drawings on the block

Sep 27, 08 9:16 AM CDT
(Newser) - A $20-million collection of abstract expressionist drawings belonging to Lehman boss Richard Fuld and his wife is to be sold by Christie's, Bloomberg reports. Fuld's net worth has taken a whack with the collapse of Lehman stock; the sale, which includes 3 de Koonings, was anounced 4 days after the... More »

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art • Christie's • Lehman Brothers • art collector • art auction • Richard Fuld

MARKETS

 Stocks Climb Nearly 200 Points 

Poor housing, durable goods goods data don't deter market's optimism

Sep 25, 08 3:15 PM CDT
(Newser) - Stocks rallied this afternoon on news that lawmakers had reached a consensus on the Wall Street bailout plan, MarketWatch reports. Optimism proved infectious as GE rose 6.26% despite cutting an earnings estimate earlier today. The Dow climbed 196.89 points to 11,022.06. The Nasdaq gained 30.89... More »

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Dow Jones • durable goods • home sales • Lehman Brothers • Nasdaq • Washington Mutual • WaMu • S&P 500 • bailout • financial crisis

For Buffett, Goldman Deal Was a Snap

But if Congress doesn't pass Treasury's bailout, he'll 'get killed'

Sep 25, 08 10:29 AM CDT
(Newser) - Billionaire Warren Buffett has been getting a lot of calls lately from struggling Wall Street firms looking for a savior, from Bear Stearns to Lehman Brothers to AIG. He’s turned them all down, the Wall Street Journal reports, but when Goldman Sachs called Tuesday, the Oracle of Omaha ponied... More »

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Goldman Sachs • Warren Buffett • Bear Stearns • Lehman Brothers • Lloyd Blankfein • bailout • financial crisis

(AP) - The FBI is investigating four major US financial institutions whose collapse helped trigger a $700-billion bailout plan by the Bush administration. The agency is looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, insurer AIG and Lehman Brothers. The inquiries will focus on the companies and... More »

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FBI • Lehman Brothers • Freddie Mac • Fannie Mae • AIG • financial crisis

OPINION

 New Wall Street: Less Risk, Less Innovation, Lower Pay

Era of investment banks ends

Sep 23, 08 1:49 PM CDT
(Newser) - When Goldman Sachs and Morgan Stanley ditched the investment banking model, it didn’t just mark the end of an era, it marked the end of Wall Street as we know it, the Wall Street Journal declares in an editorial today. And with investment banks gone, the US financial... More »

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Wall Street • Bank of America • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks

Hedge Funds Poised to Profit as Banks Shun Risk

Private equity eyes trading territory ceded by changes at Goldman, Morgan Stanley

Sep 23, 08 1:05 PM CDT
(Newser) - With the last two large US investment banks going commercial in an effort to stay afloat, private-equity and hedge funds are stepping into the void, the Wall Street Journal reports. Taking on roles previously filled by the likes of Goldman Sachs and Morgan Stanley, hedge funds like Citadel and private-equity... More »

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Blackstone Group • Goldman Sachs • Merrill Lynch • Lehman Brothers • Citadel Investment Group • market turmoil • investment banks • hedge funds

As US Firms Stumble, Japanese Banks Step Up

Failing only a few years ago, Japanese institutions rescuing US system

Sep 23, 08 11:27 AM CDT
(Newser) - Japan's big banks, themselves near collapse a few years ago, are reemerging as global powerhouses, Reuters reports, just in time to snap up stakes in foundering US banks.They've largely escaped Wall Street's credit meltdown by shying away from riskier investments since their own "near death," when they... More »

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Goldman Sachs • Morgan Stanley • Lehman Brothers • investment banks • Sumitomo Mitsui • Nomura Holdings • Mitsubishi UFJ Financial Group


NY Lehman Crew Gets $2.5B
Bonus Pool

European workers, unsure of salaries, furious at payout

Sep 23, 08 9:00 AM CDT
(Newser) - Some 10,000 New York Lehman Brothers employees will share bonus pay of $2.5 billion, sparking anger among the investment bank’s European workers and critics of unfair compensation in the imploding finance arena, the Independent reports. The money was arranged before Lehman declared bankruptcy. Lehman’s British staff,... More »

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London • Europe • New York • Barclays • bankruptcy • salary • Lehman Brothers • bonuses • financial crisis

ANALYSIS

Hedge Funds in Panic on Volatility, Short-Selling Ban

Fear is main force handcuffing risk-taking investors

Sep 22, 08 11:44 AM CDT
(Newser) - Hedge funds have been caught flatfooted as the stock market’s volatility and a ban on short selling has made it more difficult to predict swings, the New York Times reports. Many funds, which generally have flourished amid market turbulence, are reporting their worst year ever, fueling speculation that some... More »

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Wall Street • hedge fund • Lehman Brothers • short selling • bailout

OPINION

After Meltdown, 'Safe Will Be the New Sexy': Cramer

'Good, clean, old-fashioned banking' is coming back in US markets

Sep 22, 08 11:06 AM CDT
(Newser) - A new era has arrived on Wall Street, with the big investment firms falling, James Cramer writes in New York, and traditional banks with large deposit bases looking like the smartest option all along. “We’ll see a more chaste culture emerge from all of this, on Wall Street,... More »

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Wall Street • Bear Stearns • Merrill Lynch • Lehman Brothers • Jim Cramer • bank failure • American International Group • economy • Hudson City Bancorp • financial crisis

Lehman's $8B Transfer of Funds to US Irks Brits

British bankruptcy administrators want cash returned, say probe might be warranted

Sep 22, 08 9:02 AM CDT
(Newser) - An $8-billion transfer from Lehman Bros.' European headquarters to its New York headquarters on the day the firm declared bankruptcy is raising issues on both sides of the Atlantic. As the sale of Lehman's US operations to Barclays was approved Saturday, the administrators of the company's bankruptcy filing in... More »

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Barclays • bankruptcy • Gordon Brown • Lehman Brothers • Nomura Holdings

Japanese Firm Buys Lehman's Asian Assets

Nomura Holdings wins auction to pay $225M

Sep 22, 08 4:02 AM CDT
(Newser) - Japan’s Nomura Holdings won an auction to buy bankrupt Lehman Brothers’ Asian assets for $225 million, the Wall Street Journal reports. Healthy Japanese firms like Nomura are pouncing on the Wall Street crisis as a means to expand. Lehman has 2,940 workers in the region, where the company... More »

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Japan • auction • bank • Lehman Brothers • credit crisis

(Newser) - Goldman Sachs and Morgan Stanley, the nation's last two major independent investment banks, have gotten permission to become bank holding companies, the Federal Reserve said tonight. A fundamental rearrangement of Wall Street, the move will allow them to create commercial banks, which would bolster their resources, while inviting increased regulation.... More »

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Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks • JPMorgan Chase • financial crisis

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