Hints and tips:
...For after Lehman Brothers imploded, there was a race to tighten capital and liquidity standards. And this continues, even today....
...A Finnish economy minister likened the liquidity crunch in the power sector to the Lehman Brothers financial contagion. That mischaracterises the problem....
...Then the failure of Lehman Brothers drove the industry off a cliff, forcing European and US governments to fund taxpayer rescues....
...“Before the financial crisis it would have been hard to compete with a Lehman Brothers in providing liquidity. But now we have a role to play in the ecosystem,” he says....
...From Shearson Lehman, Schlosstein brought Susan Wagner and, later, Hugh Frater, two of its smartest mortgage bond specialists....
...For the first third of this dense and involving play, we see how the original Lehman brothers, Henry, Emanuel and Mayer, expanded into cotton trading and then took a punt on railways and oil....
...The government should resist the pressure to save Lehman Brothers, as it had Bear Stearns and Fannie Mae and Freddie Mac, the mortgage institutions, I wrote....
...Two days after Lehman Brothers declared bankruptcy, in September 2008, I went on an anxious walk to my local bank branch....
...Brothers collapsed....
...An epic, searching affair, it brings Lehman and his two brothers back to witness the eventual unravelling of their company....
...Because a date helps to concentrate the mind, a financial crisis that was experienced as a fragmented chain of events is being commemorated as just one: the fall of Lehman Brothers, 10 years ago next month...
...Nine months after Mr Chai joined the company, on the weekend that Lehman Brothers collapsed into bankruptcy, Mr Thain sold Merrill to Bank of America for $50bn....
...When Lehman Brothers imploded almost 10 years ago, few Wall Street banks were worse placed to withstand the fallout than Citigroup....
...Nomura boldly snapped up the European and Asian arms of the defunct Lehman Brothers — and bemoaned the painful fallout for the next seven years....
...Lehman Brothers Ltd, which has about £400m cash, was the target of a £10bn claim by LBIE in 2014....
...When the Reserve Primary Fund exposed investors to losses as the fallout from Lehman Brothers’ bankruptcy spread to an investment class considered to be among the safest, custodians of cash began to rethink...
...Berkshire ploughed $5bn into Goldman Sachs about a week after the collapse of Lehman Brothers....
...JPMorgan bought WaMu in a deal brokered by the government in September 2008, shortly after the collapse of Lehman Brothers triggered the most intense phase of the crisis....
...Last year that share dropped to 16 per cent, even though Barclays had swallowed much of Lehman Brothers in the meantime....
...Their misses include the collapse of MF Global and Lehman Brothers, as well as Xerox’s accounting shenanigans, and Bernard Madoff’s Ponzi scheme....
...The collapse of Lehman Brothers in 2008 was not the cause of the great financial crisis but it was a spectacular curtain raiser to one of the most chaotic episodes in financial market history....
...The news came just hours after court filings revealed that JPMorgan would pay $1.42bn to end most of its remaining disputes with the estate of the defunct Lehman Brothers....
...“Lehman Brothers was one of the first investment banks to convert from being a partnership to being a limited liability company,” Prof Kay said. “I don’t think I need to say very much more than that.”...
...When Lehman Brothers failed in 2008, it exposed faultlines in the global financial architecture....
...We’re reminded of this because of an intriguing article in today’s New York Times that reignites the argument about whether the government had the ability to bail out Lehman Brothers before it went bankrupt...
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