Hints and tips:
...He said the FDIC was seeking to remind shareholders, creditors and executives that they cannot rely on government bailouts similar to those that stabilised the financial system after Lehman Brothers collapsed...
...Lucrative Lieutenancy Award Winner: Sheryl Sandberg, Meta Platforms Sheryl Sandberg stepped down as Facebook Meta’s chief operating officer last autumn, after 14 years at the coalface of internet evil...
...And finally I’m late to the party but last week I finally went to see Sam Mendes’s magnificent 2018 staging of the Lehman Trilogy, which has returned to London’s West End post-Covid....
...Eliana Crosina from Babson College and Michael G Pratt from Boston College studied ex-employees of Lehman Brothers and discovered a common framework of reactions — starting with “experiencing the death event...
...The private sector needed to “put something together that stands on its own feet”, he said: “Between Aviva, L&G, Phoenix and M&G, we reckon we can get £50bn in three years that would invest in private equity...
...(Memorably recorded on the flight register as one “G. Shepherd”.) So, of course, we thought it was worth sharing an excerpt....
...“There’s been some talk about a Lehman Brothers moment [which marked the 2008 crisis] and we don’t really see that happening,” says Alexis Duvernay, a London-based investment specialist at M&G Investments...
...Groups including Tikehau Capital, M&G and Mirova have all launched funds in this space, illustrating how asset managers are stepping in to help finance the transition to a lower-carbon and greener economy...
...G Page Flowers looks to rosier times as love of nature flourishes Mamta Badkar in New York Last March, G Page Wholesale Flowers in Manhattan pulled down its shutters along with New York’s other non-essential...
...(Five months passed between Lehman’s collapse in 2008 and the approval of a stimulus package.) Because every recession is different, there will always be cliffhanger policy negotiations....
...and initially a result of the counterparty risk aversion it caused among G-SIBs (ie, the large global banks) in the aftermath....
...What is needed is a co-ordinated fiscal response on the order of magnitude of the Lehman crisis, above 1% of global GDP....
...And Morgan Stanley: Post the large moves yesterday many of our key indicators are now at very extreme levels e.g. our MTI is at -2.1SD and our CVI is at -5.3SD....
...Being on the Lehman board, it seemed, was a social honour rather than a fiduciary responsibility....
...(FT) Confessions of a Lehman banker Scott Freidheim was Lehman Brothers’ chief administrative officer on the day it closed its doors forever in 2008. He thinks Lehman could and should have been saved....
...As M&G explains here, “leveraged loans typically arise in conjunction with a private equity-sponsored ‘Leveraged Buy-Out’”....
...Facebook chief operating officer Sheryl Sandburg this week testified before Congress, facing hours of questioning from the Senate Intelligence Committee....
...That extends, in my book, even to the Lehman Brothers decision itself....
...The slowdown was initially the result of the Lehman crisis and the counter-party risk aversion it caused among G-SIBs (i.e., the large global banks)....
...Keep this firmly in mind during the Lehman anniversary....
...G R Steele Reader in Economics, Management School, Lancaster University UK...
...retained by Lehman creditors....
...Jim Leaviss is head of the retail fixed interest team at M&G...
...Not even your cautious friend Jeremy G is agitating for everyone to regard the AAII survey as a clear sell signal. I appreciate the polite way in which this point was made....
...martin.sandbu@ft.com Letters in response to this column: Markets are good at some things and bad at others / From Dr Richard Christian, University of Manchester Small detail missing / From G R Steele,...
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