Fund, "broke the buck," meaning that the net asset value of its shares fell below the $1-per-share standard after Lehman Brothers debt securities held in its portfolio lost value. The federal government stepped in to temporarily guarantee that investors
activity. We view LSE's stewardship of shareholder capital as Standard. The company's CEO is Xavier Rolet, a former Lehman Brothers executive who took LSE's reins in 2009. In our view, he has the skills and experience needed to steer LSE Group. The
NEW YORK, Sept 9 (Reuters) - U.S. appeals court has revived a lawsuit seeking to hold former CEO Dick Fuld and other former directors of Lehman Brothers Holdings Inc liable for losses suffered by the...
LONDON (Reuters) - More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.
LONDON, Aug 19 (Reuters) - More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.
consulting rather than traditional banking. Cameron Clyne started during the worst of the global financial crisis, with Lehman Brothers collapsing in September 2008, international credit markets freezing and investment markets plunging. In Australia, the
NEW YORK (Reuters) - Unsecured creditors of Lehman Brothers Holdings Inc's brokerage unit who have waited nearly six years to recoup their money will begin receiving an initial $4.62 billion payout next month, the trustee liquidating the unit said on Friday.
Amid a restructuring of its investment bank, Barclays is exiting businesses where there is no client interaction, and NQuants - originally started at Lehman Brothers - is among the noncore operations on the block. Post your comment!
NEW YORK, Aug 5 (Reuters) - Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of...
mortgage crisis and a similar situation she sees in the current GM recall scandal . She described former U.S. Attorney and Lehman Brothers bankruptcy examiner Anton Valukas’s investigative report on the automaker’s failure for over a decade to take action