Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Lehman Brothers

Lehman Brothers stories: 153 news summaries

81 - 100 of 153 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

Switch to grid view »

MARKETS

 Dow Ends Ugly Day Down 504 

Lehman bankruptcy swamps week's first trading day

Sep 15, 08 3:26 PM CDT
(Newser) - After a midday lull, stocks plummeted again late today as traders adjusted to the failure of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America, Bloomberg reports. Lehman’s stock alone was down 94.9%. The Dow fell 504.48 to 10,917.51. The S&P... More »

MORE ABOUT:
Dow Jones • Merrill Lynch • Lehman Brothers • Nasdaq • AIG • S&P 500 • financial crisis

MARKETS

 After Big Drop, Stocks Hold 

Dow takes 300-point tumble early, but market remaining stable

Sep 15, 08 11:51 AM CDT
(Newser) - Stocks have taken a beating today, with the Dow off more than 300 points early, the Wall Street Journal reports, but there’s been a noticeable lack of panic among traders. If the current loss holds steady, it will represent just the sixth-worst day this year, despite the massive upheaval... More »

MORE ABOUT:
Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial sector • S&P 500 • financial crisis

European
Banks Loosen Purse Strings

Inject billions into markets; offer more
to keep crisis at bay

Sep 15, 08 10:02 AM CDT
(Newser) - The weekend’s storm on Wall Street has prompted Europe’s central bankers to make billions of dollars available on the cheap to global money markets as a levee against a rising flood of fresh turmoil, the New York Times reports. The European Central Bank has pledged $43 billion and... More »

MORE ABOUT:
Merrill Lynch • Lehman Brothers • European Central Bank • Bank of England • Swiss National Bank • financial crisis

ANALYSIS

 How Market Turmoil 
 Affects Campaign 

Obama, McCain haven't talked much about US economy—now they'll have to

Sep 15, 08 9:50 AM CDT
(Newser) - The crisis on Wall Street will change the shape of the presidential campaign in its final weeks, forcing both sides to adjust their messages and strategies. Mike Allen, in Politico, details four major effects:
  • Neither John McCain nor Barack Obama has talked much, or in detail, about economic plans.
... More »

MORE ABOUT:
Barack Obama • John McCain • Lehman Brothers • US economy • Freddie Mac • Fannie Mae • financial crisis

analysis

Markdown Sparked Lehman Meltdown; More to Come

Other firms could follow suit, meaning widespread losses

Sep 15, 08 9:38 AM CDT
(Newser) - What caused two venerable investment banks to implode this weekend, and how much more damage can we expect? It started when Lehman Bros. surprised markets by slashing the valuation of its mortgage holdings last week, making downward revisions so steep that "even longtime bears on the stock thought the... More »

MORE ABOUT:
Merrill Lynch • Lehman Brothers • AIG • writedowns • subprime crisis • financial crisis

OPINION

Wall Street Rumbling Means Little on Main Street

Financial meltdown has small effect on 'real economy': Kaletsky

Sep 15, 08 9:29 AM CDT
(Newser) - Fannie and Freddie have been nationalized, Lehman has collapsed, Merrill Lynch has been bought out—an economic disaster, right? Not really, Anatole Kaletsky writes in the Times of London: The US economy is actually showing signs of improvement. More than ever, "there is no contradiction between expecting a recovery,... More »

MORE ABOUT:
Merrill Lynch • financial markets • Lehman Brothers • Freddie Mac • Fannie Mae • credit market • investment banks • real economy

MARKETS

 Stocks Plunge at Open 

AIG, Lehman take huge hits, but Merrill takeover stabilizes market slightly

Sep 15, 08 9:09 AM CDT
(Newser) - Stocks tumbled at the opening bell this morning, with the Dow dropping more than 300 points after a weekend that turned the financial industry on its head. Lehman Brothers’ collapse and AIG’s request for $40 billion from the Federal Reserve “are causing a major financial panic this morning,... More »

MORE ABOUT:
Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial crisis

 Lehman Files 
 Biggest Chapter 11 Ever 

Bankruptcy sends shockwaves through financial world

Sep 15, 08 7:42 AM CDT
(Newser) - Lehman Brothers gasped its last breath this morning, filing for Chapter 11 protection in Manhattan under a crushing $613 billion in debt, the largest—and potentially most frightening—bankruptcy in US history, reports Bloomberg. Experts say the filing is likely to trigger a domino effect in the US economy. More »

MORE ABOUT:
Bank of America • Barclays • bankruptcy • Merrill Lynch • Lehman Brothers • Richard Fuld

ANALYSIS

Still Standing, Morgan Stanley, Goldman Face Bleak Times

Survivors will need to belatedly downsize

Sep 15, 08 6:27 AM CDT
(Newser) - With Bank of America buying Merrill Lynch, and Lehman brothers heading into Chapter 11, Goldman Sachs and Morgan Stanley are the last major independent investment banks standing on Wall Street. But having survived as the fittest doesn't guarantee an easy ride, reports the Wall Street Journal, as both will have... More »

MORE ABOUT:
Bank of America • Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers

 10 Banks Form 
 $70B Fund to 
 Stave Off Crash 

Paulson brokers twin public-private liquidity measures

Sep 15, 08 5:27 AM CDT
(Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times. All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay... More »

MORE ABOUT:
Wall Street • Citigroup • Bank of America • Barclays • Goldman Sachs • Federal Reserve • Credit Suisse • Henry Paulson • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • funds • Lehman Brothers • liquidity • investment banks • JPMorgan Chase

Staggering Wall Street Job Market Takes Another Big Hit

Banks' collapse means loss of 50,000 more jobs

Sep 15, 08 4:56 AM CDT
(Newser) - A Wall Street job market that’s already hemorrhaged 100,000 jobs this year now must steel for the loss of 50,000 more as Lehman Brothers and Merrill Lynch—two of its four pillars—tumble at once. “The resume flow will start today like there's no tomorrow,”... More »

MORE ABOUT:
Wall Street • Merrill Lynch • Lehman Brothers • job market

 Lehman Crash 
 Triggers Global 
 Market Tumble 

US futures and dollar sink: 'It's mayhem'

Sep 15, 08 3:40 AM CDT
(Newser) - Lehman Brothers’ bankruptcy, along with news that mammoth insurer AIG is seeking a $40 billion Federal Reserve loan, has sent European and Asian markets, US futures and the dollar sharply downward, Bloomberg reports. Swiss-based UBS AG, Europe’s bank most hurt by the subprime crisis, plunged 7.2%. Australia’s... More »

MORE ABOUT:
stock market • bankruptcy • futures market • Lehman Brothers • Asian markets • European markets • US dollar • financial crisis

 AIG Seeks $40B Fed Loan 
 in Bid to Prevent Collapse 

Insurance giant tries to stave off credit downgrade, aims to sell assets

Sep 15, 08 2:25 AM CDT
(Newser) - In yet another Wall Street meltdown, floundering insurance giant American International Group has turned to the federal government in a bid to stave off a threatened credit-rating downgrade that could trigger the firm’s immediate collapse, reports the New York Times. AIG has requested a $40 billion bridge loan from... More »

MORE ABOUT:
Federal Reserve • J.C. Flowers and Co • Lehman Brothers • AIG • credit crisis • federal loans • insurance industry • financial crisis

(Newser) - In a day of toppling dominoes on Wall Street, Bank of America agreed to buy Merrill Lynch for $44 billion, or $29 a share—about two-thirds of what it was worth a year ago and 50% of its highest value in 2007, the Wall Street Journal reports. The deal, struck... More »

MORE ABOUT:
Wall Street • Bank of America • mergers and acquisitions • Merrill Lynch • Lehman Brothers

markets

Get Set for Disorderly Lehman Liquidation


Sep 14, 08 7:24 PM CDT
(Newser) - Barclay's dropping out of a Lehman deal means that the Feds lost a game of chicken with the big banks holding Lehman mortgages, and now there will be a disorderly liquidation of Lehman assets, instead of the orderly liquidation that would have been possible with a real buyer, James Cramer... More »

MORE ABOUT:
Citigroup • Barclays • Merrill Lynch • bank • Lehman Brothers • AIG • subprime crisis • financial crisis

updated

 Lehman on Brink 
 as Barclays Backs Out 

UK bank walks over proposed shareholder approval

Sep 14, 08 2:31 PM CDT
(Newser) - Barclays told federal regulators today that it is walking away from talks to buy all or part of Lehman Brothers. Barclays reportedly balked at a request that shareholders approve the agreement, a process that could take weeks—and left some wondering why the demand came up as late as today.... More »

MORE ABOUT:
Wall Street • Bank of America • Barclays • Lehman Brothers

Wall St. Groans as Lehman Deal Takes Shape

Divided sale may spark ripple of pain through financial industry

Sep 13, 08 7:08 PM CDT
(Newser) - A possible deal to salvage Lehman Brothers took shape today but cast a dark mood over Wall Street, the Wall Street Journal reports. Washington refused to save the ailing bank, sparking a plan for either Barclay's or Bank of America to buy "good" Lehman assets while other banks propped... More »

MORE ABOUT:
Wall Street • Bank of America • Barclays • Lehman Brothers • Treasury Department

Feds, Banks Seek Lehman Deal by Tonight

BofA, Barclays balk at bad assets, but bailout not in the cards

Sep 13, 08 2:05 PM CDT
(Newser) - Washington and Wall Street continued talks today aimed at solving the Lehman Brothers crisis as early as tonight, the Wall Street Journal reports. Federal Reserve officials still refuse to approve a bailout like the one that enabled JP Morgan to acquire Bear Stearns this summer—but possible buyers like... More »

MORE ABOUT:
Ben Bernanke • Wall Street • Bank of America • Barclays • Federal Reserve • Bear Stearns • Lehman Brothers • bailout • financial crisis

 Fed Holds Crisis Talks on Lehman With Top Bank Execs

Wall St. bigwigs in 'game of chicken' with government officials

Sep 13, 08 6:39 AM CDT
(Newser) - The New York Fed called an emergency meeting of Wall Street heavyweights last night to try to avert a collapse of Lehman Brothers, the Wall Street Journal reports. Top execs of all the big financial firms were urged by NY Fed Chief Timothy Geithner to work together to save the... More »

MORE ABOUT:
Wall Street • Bank of America • Henry Paulson • Lehman Brothers • financial institutions • Federal Reserve Bank of New York • financial crisis

MARKETS

 Investors Wary; Stocks Mixed 

Lehman's floundering continues to stir fear in financial sector

Sep 12, 08 3:28 PM CDT
(Newser) - The markets ended mixed today, as Lehman Brothers foundered and financial firms continued to take hits, MarketWatch reports. Weekly gains were slim, despite Sunday’s Fannie and Freddie bailout, which was supposed to calm investor fears and boost the markets. The Dow closed down 11.72 at 11,421.99.... More »

MORE ABOUT:
Dow Jones • General Motors • Lehman Brothers • Nasdaq • AIG • S&P 500 • oil prices • financial crisis

81 - 100 of 153 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>


from our news partners