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...For after Lehman Brothers imploded, there was a race to tighten capital and liquidity standards. And this continues, even today....
...For the bank, it was a first attempt at a major overseas acquisition since its purchase of Lehman Brothers’ Asian and European assets in 2008....
...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....
...Holding, together with his sister and vice-chair Hope Bryant and his brother-in-law and president Peter Bristow, have taken the deposits of ailing lenders including California’s Temecula Valley Bank, Washington...
...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...
...Lehman Brothers filed for bankruptcy and the prevailing fear was that the entire financial system would collapse....
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
...“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....
...When you think of the most coveted brand names in fashion, you may not think of Lehman Brothers, Merrill Lynch or Bear Stearns — let alone Enron or Bernie Madoff....
...One example was SSG, an Asia-focused fund set up by former Lehman Brothers executives, now owned by the US-based asset manager Ares....
...A thriving marketplace for tongue-in-cheek banker fashion — vintage banker bags (like this one) from fallen companies such as Lehman Brothers and Bear Stearns — is drawing big money from young money....
...Tom Miner, the lead portfolio manager, previously worked for 20 years in the structured finance department of now-defunct investment bank Lehman Brothers....
...Japanese companies spent $24bn in the first three months of the year in 138 overseas deals, although Seven & i Holdings pulled out of talks to buy Marathon Petroleum’s Speedway petrol station chain for about...
...On the day that Lehman Brothers filed for bankruptcy in September 2008, the front page of the Financial Times carried a photograph of John Thain, the then chief executive of Merrill Lynch....
...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....
...After the collapse of Lehman Brothers sparked a global meltdown and taxpayer-funded rescues of big banks, the US passed the Dodd-Frank financial reform law to prevent a repeat....
...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....
...Two days after Lehman Brothers declared bankruptcy, in September 2008, I went on an anxious walk to my local bank branch....
...‘The Lehman Trilogy’ is at Park Avenue Armory, New York from March 22-April 20. This story was first published ahead of the play’s premiere at the National Theatre in London in July 2018....
...That extends, in my book, even to the Lehman Brothers decision itself....
...Less successfully, Lehman Brothers used an accounting scam known as Repo 105 to boost its liquidity position but it could not fake hard enough to survive....
...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....
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