Lehman Bros art work to go under the hammer

Lehman Brothers art work is set to be auctioned off next month.

Fannie Mae seeks claims worth $15.8 bn from Lehman

Battered mortgage lender Fannie Mae has sought claims to the tune of USD 15.8 billion from bankrupt Lehman Brothers, mainly related to derivatives contracts.

Nomura posts Q2 profit at 27.7 bn yen

Financial services major Nomura Holdings has posted a profit of 27.72 billion yen in the second quarter, buoyed by strong growth in retail and asset management segments and expansion of its business overseas.

Lehman`s Barclays probe should be unsealed: Trustee

The US Trustee, which oversees bankruptcy cases in New York, said on Friday it believes documents related to Lehman Brothers Holdings Inc`s probe of its asset sale to a Barclays Plc unit should be made public.

Lehman administrator looks to dole out assets: Report

The administrator for Lehman Brothers Holdings Inc plans to seek permission to remove the claims against the bank from British courts and give out assets directly to creditors, the Wall Street Journal said.

Risk of another Lehman Brothers looms: Moody`s

Moody`s on Monday said there is always a risk of another major event sending shock waves in financial markets, even as Asian stocks may have rebounded from the lows post the collapse of Lehman Brothers last year.

Japanese given 15-yr term for defrauding Lehman Brothers

A Tokyo court sentenced a former president of a medical consulting company to 15 years in prison on Monday for conspiracy in defrauding a Japanese unit of failed Lehman Brothers Holdings.

Crisis fallout: Nations will be more cautious, govt debt swells

In a key fallout of the global
economic crisis, which gathered steam with the collapse of
the Lehman Brothers exactly a year ago, countries will now be
more cautious amid the ballooning government debt across

One year of economic crisis

It was exactly on this day – September 07 - an year ago that the first sign of global economic crisis began to surface.

Lehman UK arm to sue parent firm for $100 bn

The UK arm of Lehman Brothers is preparing a USD 100-billion claim against its former parent company in the US.

HK unveils $800 mn plan to pay back Lehman investors

Hong Kong banks agreed to return more than USD 800 million to investors burned by Lehman Brothers-backed products, potentially ending a nearly yearlong dispute that sparked street protests.