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Perpetual Trustee Company Ltd won a Court of Appeal decision in London on Friday (local time) that sought $125 million frozen from Mahogany Capital noteholders since the collapse of Lehman Brothers financial-services firm last year. The decision could...
Tags: Lehman Brothers
For years, Georges Schreiber's 1945 view of a coral sun setting over Manhattan's Financial District hung in the New York boardroom of Lehman Brothers. On Sunday, the oil painting, "Brooklyn Bridge," was auctioned off to the highest bidder for $20,000....
Tags: Lehman Brothers
They may have slipped up on the business front by sparking the worst Wall Street crisis since the Great Depression. But top executives at the defunct investment bank Lehman Brothers had a skilled eye for art, amassing an impressive collection of contemporary...
Tags: Lehman Brothers, Lehman Bros., Philadelphia, art collection
It condemned investment firms and financial advisers, responsible for selling plans which depended on the collapsed US bank, Lehman Brothers. After a six month long investigation, the FSA came to the conclusion that thousands of investors were victims...
Tags: Lehman Brothers
A bankruptcy judge has recommended Sterlite Industries' latest $2.57 billion cash bid for Asarco LLC's assets be disregarded, saying it was filed after the deadline and a competing bid remains superior...Bankruptcy Judge Richard Schmidt said Sterlite...
Tags: Grupo Mexico, bankruptcy judge, Sterlite Industries, Asarco LLC, Lehman Brothers
From Cato Unbound , Scott Sumner argues that almost everything economists and economic policymakers thought they knew about the role of monetary policy in the recent recession and financial collapse is wrong...Steven Pearlstein on why the Lehman Brothers...
This week, as you may have noticed on Monday, but had probably forgotten by this morning, was the first anniversary of the collapse of Lehman Brothers. For Rip Van Winkles who look at their finances only once a year and note that stockmarkets, house prices...
Tags: Lehman Brothers
A s Bespoke Investment Group aptly puts it, Wall Street loves Wall Street again – and if there is anything that should worry investors on this first anniversary of Lehman Brothers’ demise, maybe this newfound bullishness is it. Bespoke pointed out that...
Tags: Lehman Brothers, wall street
Tuesday September 15, 2009 started with an interview with one Singaporean MP, followed by a UK government adviser saying the economy may be recovering...Not one interview with a real person reflecting the job losses and pay cuts, no lives from real businesses...
Tags: Lehman Brothers
The canard that President Barack Obama is a socialist may still get lots of talk on wacko cable and radio, but Obama's speech on Wall Street Monday made it clear he intends an aggressively free-market approach to preventing another financial crisis. The...
Tags: Barclays Capital, Barack Obama, Lehman Brothers, wall street