most damaging events in its history. The volatile stock market, induced by the subprime market, led to the default of Lehman Brothers , and subsequently to a massive global crisis. We are now in a post-crisis period. Yet, looking back to between 1945
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...
ZURICH, July 22 (Reuters) - Credit Suisse reported its biggest quarterly loss since the collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss franc ($1.78 billion) charge taken following a May settlement with U.S. authorities over tax evasion charges.
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
over the next 5 years and stocks perhaps 4-5%. If central banks proceed cautiously, there’s no need for another Lehman Brothers , but as well, there will be no interest rate propellant for double-digit asset returns. Those days are gone. The journey