Lehman Brothers
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Bernanke Saved Your Company...to wrap up a sale from computer chip maker Advanced Micro Devices ( AMD - news - people ) on Monday. The financial crisis that pushed Lehman Brothers ( LEHMQ - news - people ), General Motors and Washington Mutual into bankruptcy made... In this article: The Fed, Inflation, Bankruptcy, Ben Bernanke, Barclays, HealthSouth, Advanced Micro Devices, Clearwire, and Jpmorgan Chase |
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Huffington Post | 22 hours ago
Charles D. Ellis: Ready, Fire! Aim?
...institutional investors with intense desires to change their portfolios needed dealers with the guts and ability to take major market risks. With Lehman Brothers and Bear Stearns gone, and Merrill Lynch, Citibank, and others hurting, and Morgan...
In this article: Goldman Sachs, J.P. Morgan Chase, Derivative, Black Swan, Financial crisis, Glass-Steagall, CSFB, and Citibank
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Telegraph.co.uk - UK news | 23 hours ago
Lehman Brothers demands young bankers repay GBP30000 bonuses paid before collapse
Lehman Brothers demands young bankers repay GBP30,000 bonuses paid before collapse Lehman Brothers, the collapsed investment bank, is demanding a group of young would-be bankers repay GBP30,000 bonuses handed to them when they joined the...
In this article: Tax, Europe, Recession, Financial crisis, Bankruptcy, and Nomura Securities
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AP Online | 1 day ago
Dollar keeps gaining as traders pare risk exposure
...around their lows for the year as worries about the economy in 2010 continued to weigh on traders' taste for risky bets. After Lehman Brothers went bankrupt in September 2008, setting off a global financial crisis, the dollar got a huge...
In this article: U.S., NEW YORK, Financial crisis, The Conference Board, Dow Jones industrials, and Federal Reserve
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Reuters | 1 day ago
Goldman holders seek bonus pool reduction: report
...year, Goldman shares are up 103 percent, more than double the gains for the broader sector. A year after the implosion of U.S. bank giant Lehman Brothers, regulators and politicians have called for closer scrutiny of pay. Shareholders of...
In this article: Goldman Sachs Group Inc, Barclays Capital, U.S. Securities and Exchange Commission, and New York Stock Exchange
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washingtonpost.com | 1 day ago
Investors press Goldman for bigger share of profits: report
...our compensation ratio has consistently been at or among the lowest in the industry." A year after the implosion of U.S. bank giant Lehman Brothers <LEHMQ.PK>, regulators and politicians expressing concern that bankers' bonuses are...
In this article: Goldman Sachs, NEW YORK, United States, Corporate governance, and Credit Suisse
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Reuters | 1 day ago
Bankers say crisis lessons must be taken to heart
...on the European Central Bank's policymaking Governing Council. The worst financial crisis in 80 years, which started with the crash of Lehman Brothers in 2008, has sparked calls for a radical overhaul of banking supervision, which is...
In this article: Josef Ackermann, Axel Weber, Financial crisis, Bundesbank, Hypo Real Estate, and ABN AMRO
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San Francisco Chronicle | 1 day ago
OAKLAND / Lehman Bros. to clean hospital site
...security guards, fencing and herds of goats to eat overgrown vegetation. The work will begin within two weeks, Russo said. Articles Lehman Bros. agreed Thursday to pay $3.7 million to clean up Oakland Naval Hospital, formerly called...
In this article: Lehman Bros. and Goat
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Reuters | 4 days ago
Lehman sues Barclays over windfall profits
Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents...
In this article: Barclays, Bankruptcy, Lehman Brothers Holdings Inc, New York, U.S., U.S. Bankruptcy Court, and Punitive damages
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San Francisco Chronicle | November 13, 2009
Deal in Oak Knoll's Lehman Bros. suit near
With help from a few well-organized neighbors, Oakland City officials are close to a deal with the financially troubled Lehman Bros. group to clean up the long dormant Oakland Naval Hospital site. City officials could announce a...
In this article: Lehman Bros., Bankruptcy Court, and Bankruptcy
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Telegraph.co.uk - Business | November 08, 2009
Hedge funds do battle for Lehman Brothers cash
A multi-billion pound legal battle pitching top hedge funds against each other and the collapsed Lehman Brothers is to commence in the High Court. The hedge funds claim that client cash - amounting to billions of pounds - should have been...
In this article: Hong Leong Bank, Goldman Sachs, Simmons & Simmons, Baker & McKenzie, Allen & Overy, Quek Leng Chan, and PricewaterhouseCoopers
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Description from Wikipedia:
Lehman Brothers Holdings Inc. (, former NYSE ticker symbol LEH) (pronounced IPA: /ˈliːmən/) was a global financial-services firm that, until declaring bankruptcy in 2008, did business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking. It was a primary dealer in the U.S. Treasury securities market. Its primary subsidiaries included Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, and the Crossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters in London and Tokyo, as well as offices located throughout the world.
On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection. The filing marked the largest bankruptcy in U.S. history. The following day, the British bank Barclays announced its agreement to purchase, subject to regulatory approval, Lehman's North American investment-banking and trading divisions along with its New York headquarters building. On September 20, 2008, a revised version of that agreement was approved by Judge James Peck.
On September 22, 2008, Nomura Holdings announced that it had agreed to acquire Lehman Brothers' franchise in the Asia Pacific region, including Japan, Hong Kong and Australia. The following day, Nomura announced its intention to acquire Lehman Brothers' investment banking and equities businesses in Europe and the Middle East. The deal became effective on Monday, 13 October. In 2007, non-U.S. subsidiaries of Lehman Brothers were responsible for over 50% of global revenue produced.
- Name:
- Lehman Brothers Holdings Inc.
- Location:
- New York City, New York, United States
- Founded:
- Montgomery, Alabama, United States (1850)
- Industry:
- Investment services
- Key People:
- Richard S. Fuld, Jr.
- Products:
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- Financial Services
- Investment Banking
- Investment management
- No. of Employees:
- 26,200 (2008)
- Market Cap:
- US$29.9 Million (As of February 02, 2009)
- Status:
- Chapter 11 Bankruptcy, Liquidation
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