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Lehman's London staff win $300 million pensions fight

Lehman's London staff win $300 million pensions fight

Last Updated: Wednesday, August 20, 2014, 11:23

More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle.

Records show Fed on edge during darkest days of 2008 crisis

Last Updated: Saturday, February 22, 2014, 02:28

Federal Reserve policymakers, in a tense meeting on one of the darkest days of the 2008 financial crisis, were worried the failure of Lehman Brothers a day earlier would wreak havoc on a teetering financial system but feared cutting already low interest rates might prove an over-reaction.

5 years post-Lehman, top banks till face trust deficit: Survey

Last Updated: Sunday, October 20, 2013, 20:30

At -1.6 percent, the institutions in North America were flat for the quarter, but had the lowest levels of confidence overall.

Hedge funds reap rewards from bet on Lehman Europe carcass

Last Updated: Sunday, September 15, 2013, 08:37

Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.

Five years after Lehman, risk moves into the shadows

Last Updated: Thursday, September 12, 2013, 12:14

Just days after UBS AG said that it would gut its fixed-income trading business last October, three of the Swiss bank's senior executives left to launch a firm to go where big banks won't anymore.

Lehman Brothers offers to surrender trading membership of NSE

Last Updated: Monday, April 15, 2013, 19:25

Once an iconic financial services major, Lehman went bust in September 2008 and became synonymous with one of the worst financial crisis to ever hit the US and global markets.

'Present global crisis is comparable to Lehman shock of 2008'

Last Updated: Tuesday, December 11, 2012, 13:00

The present financial crisis in Europe and other countries is affecting Asian economies not just through trade or slower Asian exports, but through financial channels and can be compared to the Lehman shock of 2008, a senior ADB economist said here Tuesday.

Lehman to buy 26.5% stake in Archstone for $1.58 billion

Last Updated: Friday, May 25, 2012, 15:27

Financial services firm Lehman Brothers Holdings, one of the promoters of Archstone, is buying 26.5 percent stake in the property company for USD 1.58 billion from Bank of America (BofA) and Barclays, a media report said.

Lehman exits bankruptcy to repay debt and vanish

Last Updated: Wednesday, March 07, 2012, 09:07

The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emerged from a record bankruptcy today in a step toward the final chapter for the once-powerful Wall Street investment bank.

JPMorgan slashes $710 million Lehman bankruptcy claim

Last Updated: Thursday, February 02, 2012, 09:39

JPMorgan Chase & Co has agreed to drop almost all of a USD 710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money to be distributed to creditors, Lehman said on Wednesday.

India-born exec Bhattal quits Nomura amid deep losses

Last Updated: Tuesday, January 10, 2012, 19:56

Nomura said Bhattal had decided to retire from investment banking and would also resign as deputy president of Nomura Holdings.

Lehman wins court approval to exit bankruptcy

Last Updated: Wednesday, December 07, 2011, 00:11

The approval was granted by US Bankruptcy Judge James Peck at a hearing in Manhattan. Lehman expects to begin payouts of an estimated USD 65 billion to creditors early next year.