Hints and tips:
...Robinson set up the firm in 2010 using cash from the sale of a stake in his previous hedge fund to Goldman Sachs months before Lehman Brothers collapsed in 2008....
...A decade later, during the global financial crisis, there was more transparency: when banks such as Northern Rock or Lehman Brothers failed, scenes of panic were seen on TV screens....
...(Bank of America also lent them money for the planes, but as you’d expect from a bank, it demanded interest payments and security over the jets.) Well, we have an update....
...And the bank expects Japanese P/B ratios to hit an average of 1.8 by 2025, versus 1.4 at the moment and just 0.95 in late 2012....
...B....
...Among the depositors to flee was Giridhar Srinivasan, a former Lehman Brothers employee who had recently raised $2mn for his business information start-up....
...For example, the S&P Composite 1500 Bank index fell 66 per cent between January 2007 and July 15 2008 before Lehman Brothers collapsed in September that year....
...Management of Greenhill & Co liked to boast that its stock price hit an all-time high of nearly $100 per share in 2009 after the failures of Wall Street brutes such as Lehman Brothers and Bear Stearns....
...Back then, they cosied up to the banks that paid their fees and labelled dodgy securitisations as “investment grade”. Many big investors will only buy bonds with that status....
...After 2021’s epic collapse of Archegos, the family office that had used equity swaps with a smattering of Wall Street’s biggest banks to supercharge its bets before it imploded, it only made sense to kick...
...We haven’t mentioned the B-word yet. Bonds....
...But this was to be no ordinary stay at the pleasure palace immortalised in F Scott Fitzgerald’s novel Tender is the Night....
...As is usual in these types of acquisitions, customers, despite instructions otherwise, continued to remit receipts for sales into the bank account of the seller (the bank account was not acquired by HFL...
...“Investors are a fickle bunch and the unknowns are taking a toll on sentiment . . . but this is not a Lehman Brothers moment, it is isolated to regional banks that are a small share of investment grade corporate...
...One of them was a young and ambitious investment banker called Stephen Schwarzman, who had been made a partner at Lehman Brothers that same month....
...Its shares hit an all-time high after rivals Lehman Brothers and Bear Stearns went under....
...That’s another acronym, S-O-F-R. And what does that stand for? Harriet Clarfelt It stands for the Secured Overnight Financing Rate. More acronyms for you....
...Big investors have cut their allocations to equities to the lowest level since the collapse of Lehman Brothers at the height of the global financial crisis as rising recession fears spark worries about corporate...
...Those despondent bankers were standing outside Lehman Brothers’ European headquarters and Bank of America had just swallowed Merrill Lynch as the global financial system frayed at the seams....
...The crises collectively shone a light on the risks that largely migrated, whack-a-mole style, elsewhere in the financial system after watchdogs tightened regulations on banks following Lehman Brothers’ collapse...
...As a group, they have chopped their allocations to equities to the lowest level since the collapse of Lehman Brothers in September 2008, according to Bank of America’s widely followed monthly fund manager...
...S&P had managed to beat numerous giants to win one of the industry’s crown jewels. Then Bloomberg showed up....
...One big difference: we’ve learned from multiple news outlets that this is not just the new Lehman Brothers, with Alameda acting as the SIV to FTX’s bank....
...More upward pressure on oil prices — just as energy costs had begun to ease in western economies — will complicate central banks’ efforts to cool inflation, say analysts, pitting the US Federal Reserve against...
...The BoE and the ECB are widely expected to lift rates by half a percentage point to their highest levels since autumn 2008 when Lehman Brothers filed for bankruptcy....
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