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Weak US economic data and uncertainty over the future of troubled investment bank Lehman Brothers prompted investors to lock in recent steep gains for the US dollar. Worries about Washington Mutual, the largest US savings and loan institution, also added...
Tags: economic, yen, Lehman Brothers
http://yourmortgageoryourlife.wordpress.com/2008/09/14/b-of-a-and-barclays-abandon-lehman-may-begin-bidding-war-for-merrill-lynch/
Tags: Lehman, Lehman Brothers, B of A, Bank of America, LEH, BAC, MER, Merrill Lynch. Barclays, Bailout, Treaury, Paulson, Henry Paulson, Fuld, Dick Fuld, JPM, JP Morgan, Finance, Banking, Dow, S&P, Markets, Trading, Close, BK, Bankruptcy, Junk, Junk Stocks, Stocks, Stock Price, Bank Failure
World oil traded below 100 dollars in Asia Monday after early assessments showed the damage to US oil platforms by Hurricane Ike was not as bad as first feared, analysts said. Prices were also capped by jitters over the state of global financial markets...
Tags: Lehman Brothers, giant lehman, billion dollars, Barclays
THE Australian bond market opened stronger today amid speculation of US investment giant Lehman Brothers heading for possible liquidation. Late-breaking reports that Lehman Brothers, the fourth largest US investment bank, may be heading for liquidation...
Tags: Lehman Brothers, market opened, bond market
http://yourmortgageoryourlife.wordpress.com/2008/09/12/lehman-deal-possible-without-fed-money/
Tags: Lehman, Lehman Brothers, B of A, Bank of America, JP Morgan, Fed, Treasury, Bailout, Money, Finance, allnews, Banks, Crisis, Credit, Paulson, Henry Paulson, WaMu, Washington Mutual
Lehman is a proxy for the U.S. markets to some extent," said Jim Fehrenbach, head of Nasdaq trading at Piper Jaffray in Minneapolis. "Where Lehman goes, so will the market in the short term." American International Group, the world's largest insurer,...
Tags: Lehman Brothers, investment bank, U.S
CEO Dick Fuld joined the firm in 1969 and rose through the ranks as a trader. Unfortunately, his trader’s instinct has looked completely dull during the credit crisis, and he may well have lost control of the most important trade of his career.
Tags: Lehman Lesson, Lehman Brothers
ehman Brother s was tonight scrambling to secure a buyer after a week in which confidence in the bank has spiralled lower at a breathtaking pace. Officials at the Federal Reserve and US Treasury have been working with Lehman and are hoping to get a deal...
Tags: fed, New York-based Lehman, Lehman Brothers, Lehman Bros., wall street, New York Fed, federal reserve, Washington Mutual Inc., reserve banking
Thursday, the investment-grade CDX North America Index rose from 130 bps to above 150 bps in a little over a month (see Financial Times article ). The Counterparty Risk Index of the 15 leading dealers in the credit derivative markets rose almost 30 bps...
Tags: Lehman Brothers
Lewis to gripe that he had "all the fun" he could take from investment banking. In June of this year, Mr. Lewis said at The Wall Street Journal's Deals & Deal Makers conference: "We're not interested in using our petty cash to buy any investment banks."
Tags: wall street journal, wall street, lehman, bank of america, allnews, shares, banks, Lehman Brothers