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The collapse one year ago today of the 158-year-old Lehman Brothers, the fourth largest US investment bank, set in motion an avalanche that threatened to engulf the entire global financial system. It was followed two days later by an $85 billion US government...
Tags: Lehman Brothers, American International Group, insurance giant, globally financial, New York
President Barack Obama yesterday sternly admonished the financial industry and lawmakers to accept his proposals to reshape financial regulation to protect the nation from a repeat of the excesses that drove Lehman Brothers into bankruptcy and wreaked...
Tags: Barack Obama, Lehman Brothers, president barack, financial crisis, financial regulatory, financial regulations, White House Press, president obama, Robert Gibbs, training exercise, Washington
Warning that "history cannot be allowed to repeat itself," President Obama urged Wall Street on Monday to help jump-start a stalled effort to overhaul the U.S. financial regulatory system and head off a potential reprise of the U.S. economic crisis. ...
Tags: Barack Obama, president barack, Lehman Brothers, president obama, stern message, America, New York City
On Monday a year ago, the world woke up to a Wall Street irrevocably (or so we thought) changed. In the course of one hectic weekend, two of the four great broker-dealers that had been the pillars of finance had vanished: Merrill Lynch was absorbed by...
Tags: Lehman Brothers, New York City
Heroes of Wall Street Don't blame Wall Street traders who bet against banks like Lehman Brothers for the financial crisis. They saw it coming Last year, as the collapse of the housing bubble was threatening to turn Wall Street into a pre-industrial economy,...
Tags: Lehman Brothers, wall street, New York City
But that doesn't mean President Barack Obama will get much -- or any -- Republican votes. Hatch joined three other senators on Fox News Sunday to discuss the reform debate and Obama's renewed campaign to get a bill through Congress. The next step will...
Tags: Lehman Brothers, New York Stock Exchange, New York City, financial sector, Barack Obama, financial crisis, financial reforming, president barack, government involvement, White House
In New York, Obama will try to retake the initiative, capping other recent efforts in which top government officials have emphasized improvements in the economy and made the case anew for rewriting the nation's financial rulebook...Geithner said recently...
Tags: Barack Obama, wall street, Lehman Brothers, president barack, regulatory reform, prevent future, financial sector, New York, Washington
Having spent 15 years building Barclays Capital into one of the financial world’s most successful franchises, Bob Diamond decided to go shopping for a bank. He had sensed an opportunity to catapult Barclays Bank into the big league on Wall Street...The...
Tags: Lehman Brothers, Wall Street, Barclays Capital, Barclays Bank, New York Federal Reserve, United Kingdom, London
Friday, September 11, 2009 Economics focus by Judith Stein and Biodun Iginla, BBC News and The Economist Sep 10th 2009 From The Economist print edition If Lehman had not failed, would the crisis have happened anyway? Illustration by...
Tags: bbc news. biodun iginla, bbc news. judith stein, bbc news. the economist, global economic downturn, Lehman Brothers
I spent too much time out of the office with clients and trusted other people to manage the risk," he told employees of a new firm staffed by former Lehman workers, says an attendee. "I'm sorry." Mr. Fuld, who hasn't been charged with wrongdoing, declined...
Tags: Lehman Brothers