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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Lehman Brothers

Lehman Brothers stories: 153 news summaries

61 - 80 of 153 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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ANALYSIS

Short Sellers Vilified But Vindicated

They may be vultures, but it's not their fault banks are in trouble

Sep 19, 08 3:36 PM CDT
(Newser) - In a memo to Morgan Stanley employees, CEO John Mack fumed that the investment bank was being attacked "by fear and rumors, and short sellers are driving our stock down." Today, following similar action in the UK, the SEC banned short selling of 799 financial companies to stem... More »

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Morgan Stanley • John Mack • SEC • Lehman Brothers • AIG • short selling • Financial Services Authority

Treasury Taps $50B to Insure Money Market Funds

As investor confidence dims, a backing from the government

Sep 19, 08 8:14 AM CDT
(Newser) - The US Treasury moved today to temporarily insure investors against losses on money-market funds, Bloomberg reports. As much as $50 billion from the government’s Exchange Stabilization Fund will be used to back for a year funds that pay to participate in the program. Money-market funds, in which investors normally... More »

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investors • Lehman Brothers • Treasury Department • market turmoil • investment banks

Paulson's New Plan: Buy Bad Wall Street Debt

Treasury chief pushes creation of agency; news lifts markets

Sep 18, 08 3:45 PM CDT
(Newser) - The US government is considering the creation of a federal institution that would buy up bad debt from struggling Wall Street concerns, CNBC reports. Treasury Secretary Henry Paulson is reportedly pushing the proposal around Washington. By relieving financial institutions of toxic debt, they could return to lending money as per... More »

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Wall Street • Federal Reserve • Henry Paulson • Lehman Brothers • AIG • Treasury Department • bailout

OPINION

Cheer Up!
Total Financial Market Meltdown Isn't All Bad

Five reasons to fiddle while Wall Street burns

Sep 18, 08 1:15 PM CDT
(Newser) - For a dedicated silver-lining hunter like Michael Lewis, there are plenty of upsides to the total collapse of the US financial system. “A lot of attractive office space seems to be opening up in midtown Manhattan, for instance,” he writes in Bloomberg. Here are five other reasons to... More »

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financial markets • Lehman Brothers • credit market • financial sector • subprime crisis

Congress Watches Uneasily as Fed, Treasury Move Boldly

Lawmakers complain of lack of oversight, being left out of loop as feds commit billions

Sep 18, 08 10:47 AM CDT
(Newser) - Like sports fans second-guessing officials’ calls, lawmakers are watching uneasily from the sidelines as Treasury and Federal Reserve officials pledge billions of taxpayer dollars to fight Wall Street’s meltdown, the Washington Post reports. And, while many in both parties have been convinced the moves were appropriate, they’re worried... More »

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Nancy Pelosi • Congress • Ben Bernanke • Wall Street • Henry Paulson • Lehman Brothers • AIG • Barney Frank • financial crisis

OPINION

Candidates Get the Economy Wrong: Pundits

McCain is out of touch and off-message; Obama is reckless

Sep 17, 08 1:50 PM CDT
(Newser) - With the economy in trouble, John McCain and Barack Obama have been talking economics. How are they doing?
  • Not very well, says the Wall Street Journal, declaring that the candidates “appear to know more about Mars than they do about financial markets.” Obama’s offering a
... More »

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Barack Obama • John McCain • Wall Street • economic reform • Lehman Brothers • Election 2008 • economy • financial stocks • financial crisis

ANALYSIS

 Why AIG Got a Bailout 
 (and Lehman Didn't) 

Credit default business dooms, saves giant

Sep 17, 08 7:40 AM CDT
(Newser) - The Federal Reserve seemed to draw a hard line against bailouts with Lehman Bros., but just days later it stepped over that line to save AIG. Why?  First, says Time: Size. Its implosion would have been "as close to an extinction-level event" as we've been since the Depression. But... More »

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Federal Reserve • Lehman Brothers • AIG • credit market • default • bailout • financial crisis

OPINION

 Hank and Ben: 
 Time to Play Offense 

Treasury and Fed need to start playing offense, says Leonhardt

Sep 17, 08 7:15 AM CDT
(Newser) - If you'd told economists 18 months ago what lay ahead in the financial industry, predictions for the American economy would be dire. The fact that things aren't totally awful—we still haven't entered into a recession—is testament to the good defense of Hank Paulson and Ben Bernanke. What they... More »

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Ben Bernanke • Chrysler • Henry Paulson • recession • Lehman Brothers • AIG • credit crisis • bailout • financial crisis

Fed Considers AIG Bailout; Ex-CEO Weighs Proxy Fight

Hank Greenberg, forced out in 2005, among investors mulling options

Sep 16, 08 3:55 PM CDT
(Newser) - Reversing course, the Fed is considering a bailout package to help boost the liquidity of suddenly beleaguered AIG, even as the mega-insurer's ex-CEO considers a move to take control through a proxy fight or buyout, Bloomberg reports. In a regulatory filing, Hank Greenberg, who retired under pressure in 2005, says... More »

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investors • Lehman Brothers • AIG • Hank Greenberg • subprime crisis • banking industry • financial crisis

(Newser) - Barclays will pick up the US capital-markets business of Lehman Bros. in a $2-billion deal worked out today that will go before a bankruptcy judge at 5pm and Lehman creditors shortly after that, the Wall Street Journal reports. Barclays backed away from buying all of Lehman over the weekend, but... More »

MORE ABOUT:
Barclays • bankruptcy • bank • Lehman Brothers

ANALYSIS

Thain Made
Most of Merrill's Ugly Position

CEO proved wiser than Wall St. colleagues,
has $50B to show for it

Sep 16, 08 2:34 PM CDT
(Newser) - As the credit market self-destructed, Merrill Lynch and Lehman Brothers faced similar problems. The difference, Henry Blodget writes in Slate, is that Merrill’s John Thain played his cards right, and Lehman’s Dick Fuld didn’t. Brought in to clean house after Stan O’Neal’s high-risk strategy exploded,... More »

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Merrill Lynch • Lehman Brothers • John Thain • Richard Fuld

UPDATED

 Fed Holds Line on Interest 
 Rates; Markets Bounce 

Committee leaves rate at 2%, confounding investors' expectations

Sep 16, 08 1:38 PM CDT
(Newser) - In its first unanimous interest rate decision in a year, the Federal Reserve voted today to leave its key interest rate unchanged at 2%. The decision reflects regulators' unwillingness to get even more involved in the developments roiling the financial markets, the Wall Street Journal reports. Stocks fell triple-digits on... More »

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Ben Bernanke • Federal Reserve • recession • Lehman Brothers • interest rate • discount rate • Fed funds rate

ANALYSIS

 Denial Exacerbated Meltdown 

Banks, like homeowners, refused to believe how bad things really are

Sep 16, 08 1:04 PM CDT
(Newser) - The collapse of Lehman Brothers and the fire sale of Merrill Lynch are stunning developments, Joe Nocera writes in the New York Times, as is the fact Goldman Sachs and Morgan Stanley are the only big investment banks standing. But the turmoil isn’t simply the result of complex trading... More »

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Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers • mortgage debt • banking • subprime crisis • investment banks

ANALYSIS

Paulson Played Cards Well
in High-Stakes Showdown

Paulson, remaining banks struggle to pull the market back together

Sep 16, 08 12:27 PM CDT
(Newser) - Cue the Kenny Rogers, suggests Steve Pearlstein in the Washington Post; “Hank Paulson knows when to hold ‘em and when to fold ‘em.” Paulson was so determined not to commit federal dollars to bail out Lehman Bros. that when the banks said they couldn't step in... More »

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Federal Reserve • Henry Paulson • Lehman Brothers • subprime crisis • bailout • banking industry • financial crisis

analysis

Both Campaigns See Risk, Reward in Wobbly Wall Street

Neither candidate is solid on market crisis, but each can spin it to his strengths

Sep 16, 08 12:02 PM CDT
(Newser) - Wall Street’s troubles pose a challenge for both candidates, though because his party hasn’t held the White House for nearly 8 years, Barack Obama has a slight leg up, writes Gerald Seib in the Wall Street Journal. Neither ticket has a strong market background, with John McCain more... More »

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Barack Obama • John McCain • Wall Street • Merrill Lynch • Lehman Brothers • presidential candidates • Election 2008 • campaign tactics

Barclays to Buy Parts of Lehman's Brokerage

Deal to give UK giant a US presence believed to be worth about $2B

Sep 16, 08 11:28 AM CDT
(Newser) - Barclays has reached a deal to buy part of Lehman Brothers’ US business, the Financial Times reports. Lehman’s international divisions could eventually be brought into the deal, or the deal could allow for their acquisition later. Exact terms are unclear, but the Wall Street Journal adds that the figure... More »

MORE ABOUT:
Barclays • mergers and acquisitions • Lehman Brothers

 Europe's Markets 
 Dive Despite 
 Intervention 

Central banks pump cash, but bourses tumble

Sep 16, 08 7:15 AM CDT
(Newser) - Europe's central banks pumped huge amounts of cash into markets today as stock exchanges dove and interbank lending slowed to a trickle. Just after midday in London, the FTSE 100 was down by nearly 2%, with investment banks and insurers leading declines. The Bank of England injected $35.8 billion... More »

MORE ABOUT:
Lehman Brothers • European Central Bank • FTSE 100 • bear market • European markets • Bank of England • Libor

 Barclays in Talks to Buy 
 Lehman Assets 

Deal could save 10,000 jobs, salvage operations

Sep 16, 08 5:20 AM CDT
(Newser) - Barclays is in talks to buy Lehman Brothers’ key assets in a shift that could save 10,000 jobs and some operations, the Wall Street Journal reports. A deal could be finalized today. No sale price has yet emerged for the possible transaction, which wouldn’t touch Lehman’s bad... More »

MORE ABOUT:
Barclays • bankruptcy • acquisition • Lehman Brothers

 New York, New York,
That Teetering Town

Masters of Universe tighten their belts as Wall Street quakes

Sep 16, 08 4:36 AM CDT
(Newser) - Amid the financial fallout, even Manhattan's wealthiest consumers are beginning to curb their spending, Reuters reports. Wall Street tremors and belt-tightening by the rich are bound to hit New York City especially hard, and will rock stores, restaurants—and even charities. "We still have not hit the bottom of... More »

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Wall Street • Merrill Lynch • Lehman Brothers • American Red Cross • American International Group • Great Depression • Forbes magazine • Matthew Miller • New York State Restaurant Association • LuxCouture • Blue Star Jets • Association of Corporate Contribution Professionals

Paulson, Wall Street Execs Let Lehman Die

11th-hour meeting exhausted all possible rescue options for investment firm

Sep 15, 08 4:39 PM CDT
(Newser) - As the dust settles on Wall Street, details of the final frantic negotiations on Lehman Brothers reveal that Henry Paulson’s opposition to a government bailout ultimately sealed the investment bank’s fate, the Journal reports. Paulson summoned an emergency meeting of 30 Wall Street executives Friday to definitively state... More »

MORE ABOUT:
Wall Street • Henry Paulson • debt • finance • acquisition • Lehman Brothers • credit crisis • financial crisis

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