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Even in these trying financial times, you're not going to see many going-out-of-business sales like this one.
A former Lehman Brothers broker has been ordered to serve 2,000 hours of community service for his role in an insider trading scheme.
Hong Kong banks agreed to return more than $800 million to investors burned by Lehman Brothers-backed derivatives, potentially ending a nearly yearlong dispute that sparked street protests and exposed problems in this financial center's markets.
Administrators for the main European unit of bankrupt U.S. investment bank Lehman Brothers Holding Inc. revealed plans on Wednesday to return frozen hedge fund assets to creditors as early as next year.
A bankruptcy judge said Wednesday that managers of the Lehman Brothers estate can investigate whether Barclays got "too good of a deal" when it bought Lehman's broker-dealer unit last fall.
Lawyers for Lehman Brothers asked a bankruptcy judge for permission to investigate Barclays PLC, the British bank that bought Lehman's broker-dealer business amid the early chaos of its bankruptcy.
Lehman Brothers and Barclays have argued over deal value, real estate and the finer points of bankruptcy law. And now, teddy bears.
Hong Kong lawmakers slammed HSBC for helping to sell Lehman Brothers bonds in the Chinese territory, questioning if Europe's largest bank should have done more to protect local investors from products that may be worthless in the aftermath of the Wall Street firm's collapse.
A bankruptcy judge on Monday approved the sale of Lehman Brothers Holdings Inc.'s prized investment management unit to a group of managers and employees.
A former Lehman Brothers broker who gleaned tips about pending mergers from his wife, a partner at a high-powered public relations firm, has been charged in a wide-ranging insider trading scheme that earned $4.8 million in profits for several people including a former Playboy model and two lawyers, authorities said.
An investigation will be launched in Hong Kong into the sale of financial products linked to collapsed U.S. investment bank Lehman Brothers after lawmakers voted overwhelmingly for a probe.
Investors in financial products tied to failed Wall Street investment firm Lehman Brothers have sued in a Hong Kong court, claiming they were duped by the local banks who sold the now worthless products, according to a media report Friday.
Investors in financial products linked to collapsed U.S. investment bank Lehman Brothers Holdings Inc. scuffled with security guards at a bank in Hong Kong on Friday, as some 200 people protested in the financial district against institutions that sold the now worthless products.
Singapore's DBS Group said 103 million Singapore dollars ($68 million) of structured notes linked to bankrupt U.S. brokerage Lehman Brothers Holdings are now worthless.
The Walt Disney Co. is demanding an investigation into the actions of directors at Lehman Bros. Holdings Inc. leading up to its collapse last month.
Two banks were referred for possible sanctions Friday in Hong Kong as part of an investigation into misleading sales tactics in connection with Lehman Brothers investments whose values are in doubt, authorities said.
Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts.
The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout.
Investors in Lehman Brothers in Hong Kong held their second protest in a week on Sunday, accusing local banks of misleading them about investment products backed by the failed U.S. investment bank.
Nomura, Japan's largest brokerage, said Tuesday it would buy the European and Middle Eastern operations of Lehman Brothers — just a day after disclosing it had acquired the Asian units of the failed U.S. investment bank.
Nomura Holdings Inc., Japan's largest brokerage, said Monday it has reached a deal to buy the Asian operations of bankrupt U.S. investment bank Lehman Brothers Holdings Inc. The deal includes Lehman's businesses in Japan and Australia.
As Lehman Brothers secured court approval to begin the sale of key North American units to Barclays bank, its negotiators out of court neared a deal to sell parts of the business Barclays had not yet claimed, starting with its prized money management business.
Lehman Brothers, which a year ago had a market capitalization of more than $33 billion, is now unloading its once-prized businesses for what passes as pocket change on Wall Street.
Barclays PLC confirmed Tuesday that it is interested in acquiring some assets of Lehman Brothers, the investment bank that collapsed after Barclays dropped out of merger talks.
Lehman Brothers in Europe has asked its U.S. counterpart to give back more than $8 billion that it says was trapped when Lehman's holding company filed for Chapter 11 bankruptcy protection in New York a week ago.
Got A Signing Bonus From Lehman Brothers? Yeah We�re Gonna Need That BackLehman new associates class of 2008, freshly minted MBA's may have to repay signing bonuses
Lehman investor to get her day in courtCitibank has become the first financial institution to be taken to court by the Consumer Council over the Lehman minibonds saga. And the case of nurse Chan Mei-ying may open the way for an avalanche: the council is readying more than 100 other cases with potential for court acti …
Lehman asks to unseal documents from Barclays probeEarlier this month, Lehman asked a judge to revisit the sale of Lehman's brokerage to Barclays Capital claiming that the British bank got an improper $8.2 billion "windfall profit" from excess assets it took control of in the September 2008 deal.
Regaining Trust: Big Companies Hire Marketing FirmsAmerican Express will have the most difficult time regaining consumer trust. This company has repeatedly buried their nose in the sand and turned a deaf ear to the complaints.
Where was the Tea Party movement when the tax burden was shifted onto Tea Partiers? Where was the Tea Party movement when the tax burden was shifted from the high end to the middle? Where were the patriots when Wall Street, backed in Congress by Senator Phil Gramm of Texas, rewrote securities laws so that the wonder boys of Lehman and A.I.G.
After Lehman, U.S. firms adjust to new face of creditA year after the collapse of investment bank Lehman Brothers, frozen credit markets are piecing themselves together again but the face of borrowing is dramatically different.
Lehman assets considerably reduced, say receiversReceivers working on the Lehman collapse say the $639bn (£390bn) of assets that the bank had when it went bust last year have now shrunk considerably, but to a figure nobody can predict as it will take years to unwind the operation.
In Summer Hideaway for the Rich, Slump Is Visiting, Too - NYTimes.comNANTUCKET, Mass.
Lawrence Summers is Living Large and in ChargeNot surprisingly, Lawrence Summers is convinced that he deserved every penny of the $8 million that Wall Street firms paid him last year.
Stewart Takes Down CNBC This is what The Daily Show does best: highlighting shoddy reporting at its worst. Clip above; full video here. This is really ironic, I would say funny if it was not so sad.
Slumdogs Unite!SOMEDAY historians may look back at Tom Daschle's flameout as a minor one-car (and chauffeur) accident. But that will depend on whether or not it's followed by a multi-vehicle pileup that still could come.
The first 34 billion dollar balloon was floated after Lehman Brothers sank. With Lehman example of doom in front of AIG, AIG was designated to test the waters. Would we swallow the 28 billion lie.
Credit fees add to pinch on retailersI decided before the economy melted to a pile of plastic goo to give cash a try. Surprisingly, some retailers gave me a small percentage discount for doing so.
Platinum and Centurion Cardholders Flying Solo: No more free ticketRewards programs. Loyalty programs. Membership. I have at least six unused 'companion vouchers' stuffed in a drawer somewhere from that fateful dance with an American Express Small Business Platinum card.
Financial Advice: Cancel American Express Card - Cash is King!The author was initially enticed by the wonderful power of marketing and advertising.
Where was Geithner in turmoil?He will effectively lead the team Obama has chosen to mend a crippled economy.
More AIG excess after the bailoutLondon's News of the World sent undercover reporters to hunt down the feckless financiers on their $86,000 partridge hunt as they tromped through the countryside in tweed knickers, and then later as they "slurped fine wine" and feasted on pigeon breast and halibut.
Why I Will Not Vote for John McCainAs some of you might know, John McCain is a long-time acquaintance of mine that goes way back to our time together at the U.S. Naval Academy and as Prisoners of War in Vietnam. He is a man I respect and admire in some ways.
Judy Blume Supports ObamaJudy was one of the first authors to sign up for YA for Obama because she is eager to get out the message of hope and change. This fall she will be out working for the Obama campaign. She has some words of wisdom to put this year's election in perspective:
Don't Blame Me - Blame the Compensation Committee!The compensation committees that set Wall Street CEO's pay turn out to be other highly paid CEOs. Go figure!
It's never over 'til it's over, said Yogi Berra, and as long as I've got bills to pay, I'm not dropping this Bailout Beef that I've got broiling.
On Monday (October 6, 2008) I watched the Congressional House Committee on Oversight and Reform question Richard Fuld, head of failed US investment bank Lehman Brothers. Fuld's firm went bankrupt in September and he got to pocket about $300 million in pay and bonuses.
On the Theory That Punching Dick Fuld Will Help Solve the Credit CrisisWhen he tried to play down the enormous sums he has put in his pocket these past years, he sounded out of touch with the pain that Lehman's bankruptcy has caused thousands of employees and shareholders. More Articles
Lehman Bros Head Took Home $300m | BBC NEWSThe head of failed US investment bank Lehman Brothers has told Congress that he took home about $300m in pay and bonuses over the past eight years. More Articles
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