Hints and tips:
...Anyway, this arrangement worked for a while, then unravelled in 2008 thanks to the influx of junky mortgage-related repo collateral that was rendered nearly worthless when Lehman Brothers fell....
...One example was SSG, an Asia-focused fund set up by former Lehman Brothers executives, now owned by the US-based asset manager Ares....
...Had perception of money market funds been clearer, it is unlikely that the loss announced by the Reserve Fund in the wake of the Lehman Brothers bankruptcy would have led to a catastrophic bank run....
...In 2008, he used it to present his then-controversial thesis that Lehman Brothers would go bust....
...A specialist in bonds, Lehman Brothers had been a pioneer in the new wave of mortgage- backed securities that buoyed Wall Street in the 2002–6 period....
...But nearly three years after the collapse of the Lehman Brothers investment bank and the worst of the global financial crisis, the traditional drivers of demand for business jets have failed to bounce the...
...Many of the macroeconomic assumptions about house prices – and the likely default rates on mortgages – have turned out to be so wrong that the resulting losses for banks and insurance companies turned a...
...All too often, and particularly in the case of Lehman Brothers, Bear Stearns and AIG, boards were supporting rather than questioning the company’s chief executive....
...auspices of a new holding company....
...As to supervision, the Bank Holding Company Act of 1956 (BHCA) designates the Federal Reserve as the consolidated supervisor of all bank holding companies....
...Barclays scored an own goal when it jacked up the overdraft rate of around 160,000 small businesses by as much as 4 percentage points in the wake of the collapse of Lehman Brothers....
...Lehman Brothers concurs and both firms see house prices bottoming out late in 2009. Michelle Meyer, an economist at Lehman, says: “The most rapid decline was at the beginning of this year....
...Lehman Brothers is closing its subprime mortgage unit and dispatching 1,200 employees. As for the kings of private equity, who a few months ago seemed to rule the universe, their reign is over....
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