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In Part 3 of a five-part series Yalman Onaran and John Helyar chronicle the demise of investment bank Lehman Brothers and the fall from grace of its leader Richard Fuld. Dick Fuld is very conscious of risk. He's created a culture that's enabled us to...
Tags: Richard Fuld, Lehman Brothers, Lehman Bros, Thomas Russo Lehman
While most investors have given up hopes on the state-owned telephone company's business prospects, due to its inability to withstand competition from private players, so far, some held on to the stock on expectations of a rich dividend to shareholders...
Tags: basis points, lending rate, Bank of Baroda, Punjab National Bank, Reserve Bank of India, Lehman Brothers, prime lending, sectors banks, PNB
A federal bankruptcy judge has given Circuit City final approval for $1.1 billion in financing to operate while it is in Chapter 11 bankruptcy protection. An attorney for the nation's second-biggest electronics retailer also said at a hearing in Richmond...
Tags: Circuit City Stores Inc, bankruptcy judge, bankruptcy protection, Bankruptcy Court, Lehman Brothers, Richmond, final approved, biggest electronics, electronics retailer
Some international financial institutions have downgraded their target prices on HKEx shares, such as Morgan Stanley which gave a target price on HKEx shares of 38 HK dollars (4.9 U.S. dollars). "Hong Kong is a market of diversity and market participants...
Tags: stock market, Hong Kong, Lehman Brothers
Lehman Brothers Holdings Inc. won court approval Tuesday to move forward with plans to resolve nearly one million derivative transactions as well as loan trades that were outstanding when it collapsed in September...Bankruptcy Court in Manhattan signed...
The study, Performance of Insurance Company Hedging Programs During the Recent Capital Market Crisis, was written by Peter H. Sun, consulting actuary, and Ken Mungan, financial-risk-management-practice leader, using data from the company's insurer clients.
Tags: economic outlook, Lehman Brothers
Joseph Gregory's house in Bridgehampton. Richard Fuld Jr. , who recently sold off 16 works of art at Christie's , is not the only former Lehman Brothers executive selling off his assets...And now, desperate to make a profit off the property, Mr. Gregory...
Tags: Lehman Brothers
Arvind Bhatt stunned world No 8 Joachim Persson of Denmark as Indians made a resounding start at the Hong Kong Super Series badminton championships. All their shuttlers won their first round singles matches on Wednesday. Beijing [ Images ] Olympics [...
Tags: Hong Kong, Lehman Brothers
A restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec...Chief Restructuring Officer Bryan Marsal of Alvarez & Marsal has been overseeing the wind-down of what was once the nation's fourth-largest...
Tags: Lehman Brothers, Alvarez & Marsal, Richard Fuld, Bryan Marsal, chief executive
SunCal currently has 20 California projects in bankruptcy, including McAllister Ranch in southwest Bakersfield, that were ventures with now-bankrupt investment bank Lehman Brothers. SunCal also put three other entities into voluntary bankruptcy Wednesday.