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...Orszag was one of five co-founders which included his brother Peter Orszag, the economist who is now the chief executive of the investment bank Lazard....
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...For after Lehman Brothers imploded, there was a race to tighten capital and liquidity standards. And this continues, even today....
...A quasi-novelistic saga of the streets, it continues to immerse us in a fragile community and to probe failing social systems....
...Instead, he has worked on the liquidation of two of the most important companies to have collapsed in that time: Lehman Brothers and China Evergrande....
...Some of the modern legal system . . . ” Others are more sanguine: they love the brute strength and mythic physicality of their ancient brothers — in short, they’ve still got the hots for Russell Crowe....
...The person who takes over from him, Michael Corbat, he also, he's a Salomon Brothers person. So he's also of this kind of Wall Street merger risk taking....
...First Data has also found success under Fiserv ownership, with its Square-like Clover product and its Carat operating system....
...One investor said they were concerned Berkshire did not have systems in place to address what they called “reprehensible behaviour” at BNSF....
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...One scoop to start: Hedge funds and other parts of the shadow banking system should face greater scrutiny after last month’s sharp move in US Treasuries, according to the Securities and Exchange Commission...
...The deal was announced a week after the German government voted to ban most new oil and gas heating systems starting next year....
...“You cannot have a functioning system when people are getting their apartments for free by not paying anything for the usage of capital and not assuming any risk whatsoever.”...
...A Finnish economy minister likened the liquidity crunch in the power sector to the Lehman Brothers financial contagion. That mischaracterises the problem....
...A version of this article was first published by Nikkei Asia on February 3 2023. ©2023 Nikkei Inc. All rights reserved....
...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...
...A year later, the collapse of Lehman Brothers brought home the reality: the global financial system was on the brink and it was time to nationalise institutions at the commanding heights of British banking...
...Overhauling its computer systems is going to be hard work — chief financial officer Mark Mason says Citi is trying to consolidate 37 bank loan processing systems on to one platform....
...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....
...Banks this time look more robust, but murkier risks have mounted elsewhere, endangering less supervised parts of the financial system....
...Using AI also makes the search function more sophisticated, which helps clients better access data in the document management system....
...Sadly, Alameda did not put any money into this harmony-loving band comprised of a pair of brothers....
...The government is looking to rein in the system by introducing a register of ownership long called for by transparency campaigners....
...Bricks and mortar chains including JCPenney, Neiman Marcus, J Crew, Brooks Brothers and Canada-based Aldo filed for bankruptcy protection last year, but several later exited or were bought out of Chapter...
...But with the banking system likely to be pressed into service as a funding source in the event of real stress, China would likely face a ‘true’ financial crisis only if its banks had funding problems....
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