Lehman Brothers close to naming a new board: WSJ

The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter.

Lehman eyes $10 mn at Sotheby`s art auction

Lehman Brothers Holdings Inc is selling off part of its art collection.

Lehman Brothers Holdings warns against `unreasonable` claims

Lehman Brothers Holdings Chief Executive Bryan Marsal has warned big banks, which are looking to make "windfall profits" by making "outrageously unreasonable" claims against Lehman Brothers` American business.

AIG asks former Lehman lawyer to be its next general counsel

American International Group (AIG) has asked Thomas Russo, the former in-house lawyer of bankrupt financial services firm Lehman Brothers Holdings, to become the insurance giant’s next general counsel, a media report said.

Lehman Europe to repay $11 bn to clients

The administrators of the European operations of the failed Lehman Brothers will return assets worth over USD 11 billion to the investors.

French banks sue for billions over Lehman collapse

France`s top banks are demanding billions of dollars (euros) from the administrator of failed Wall Street investment bank Lehman Brothers, official documents issued on Friday showed.

Horror of Lehman`s fall haunts global M&A space

The ripple effects of the fall of
Lehman Brothers in September last year is evident in the field
of global mergers and acquisitions (M&A), which shrank by
nearly 40 per cent in the 12-month period since then.

Obama proposes ambitious reform of US financial system

US President Barack Obama on Monday
proposed a massive overhaul of the financial sector to promote
transparency and accountability.

Indian investors richer by Rs 10-tn in a year of Lehman fall

Indian stock investors have become richer by Rs 10,00,000 crore in the one year since the fall of investment banking giant Lehman Brothers, the first major casualty of the crisis.

India, China will have more say in world eco affairs: Analysts

The unprecedented revamp in the global economic order after the demise of Lehman Brothers a year ago is expected to see increased clout for India and China in global affairs.

Ten US banks collapse each month; 107 since Sept `08

A staggering 107 banks have folded up in the US since the collapse of the once-famed Wall Street firm Lehman Brothers last September, with 92 entities of them failing in 2009.