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....
...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....
...Through a sovereign wealth fund, Doha is one of BPY’s biggest investors, holding $1.8bn worth of BPY preferred equity....
...Lehman was, of course, a network of different legal entities. At the top was Lehman Brothers Holdings Inc, which was the main entity filing for bankruptcy on the morning of September 15....
...In 2008, the collapse of Lehman Brothers triggered a global financial crisis....
...No longer did banks’ lending officers decide on loans for businesses or mortgages; those decisions instead rested in the markets for mortgage-backed securities, corporate paper and junk bonds....
...That extends, in my book, even to the Lehman Brothers decision itself....
...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....
...Enron, Lehman Brothers, Tyco, Worldcom, Carillion, Steinhoff and Valeant, to name but a few, all attracted substantial interest from the shorts. There are some extreme examples....
...Equity markets were in turmoil following the collapse of Lehman Brothers and the panic of bankers throughout the global financial system....
...The insurance company, which along with the likes of Lehman Brothers and Bear Stearns came to symbolise Wall Street recklessness when taxpayers bailed it out in 2008, will no longer be considered a threat...
...Brothers....
...and disclose holdings of more than $40bn of asset and mortgage-backed securities....
...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....
...He first advised the board of Bear Stearns in its fire sale to JPMorgan Chase, and then helped Lehman Brothers Holdings in its ill-fated attempted to find a saviour before filing for bankruptcy protection...
...The Ambac lawsuit centred on mortgage-backed securities sold by an arm of Bear Stearns, which JPMorgan acquired in 2008. Ambac alleged that the Bear Stearns unit misrepresented the securities....
...But the bank also faces uncertainty in key UK markets, particularly in the “buy to let” mortgage market in London and South East England which slowed sharply in the lead up to the Brexit vote....
...The “fair” price of an office building or a mortgage-backed security depends on what happens with, among other things, technological progress, inflation, employment, population growth, regulation, migration...
...Russia has become the first clear victim — the equivalent in the current crisis to Lehman Brothers in 2008 — a would-be superpower brought to its knees by forces largely beyond its control (although the...
...Talent finds its way,” says Larry McDonald, a former Lehman Brothers bond trader who is now head of US strategy, macro group, at Newedge....
...Brothers and Bear Stearns....
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