Lehman Brothers

Jumbo Reverse Mortgages: A Dying Breed

allreverse — Wed, 17 Sep 2008 15:51:35 -0500

They were in the process of or contemplating obtaining a jumbo reverse mortgage with a company who sold their product to Lehman... The only ray of sunlight in this cloudy scenario for senior homeowners is the recent passage of the Housing and Economic Recovery Act, H.R. 3221

Another One Bites The Dust

Miles — Wed, 17 Sep 2008 08:01:18 -0500

The decision by Lehman Brothers to file a petition under Chapter 11 of the U.S. Bankruptcy Code, in New York on September 15, is the latest in a swathe of financial skittles being systematically ploughed to the ground by the credit crisis in the West.

Stock Markets Crash On U.S. Financial Turmoil

admin_huliq — Tue, 16 Sep 2008 01:41:39 -0500

Stock markets have crashed and the rupee hit a low of 46 against the US dollar on Monday morning following news of further trouble in the US financial markets.

Lehman Brother Intent To File Chapter 11 Bankruptcy

admin_huliq — Mon, 15 Sep 2008 00:07:53 -0500

Lehman Brothers Holdings Inc. announces it intends to File Chapter 11 Bankruptcy Petition. No other Lehman Brothers' U.S. subsidiaries or affiliates, including its Broker-Dealer and Investment Management Subsidiaries, are included in the Lehman bankruptcy filing.

On a Sunday, Merrill Lynch, Lehman Brothers, AIG Teeter Toward Ruin

Iria — Sun, 14 Sep 2008 22:28:15 -0500

Sunday in September. You'd expect it to be a day of baseball, or football, but definitely, being a Sunday, not a day Wall Street would care about. This Sunday, September 14th, you'd be wrong.

Lehman to file bankruptcy by midnight tonight?

admin_huliq — Sun, 14 Sep 2008 16:13:40 -0500

News agencies are reporting that Lehman may file for bankruptcy by midnight tonight.

Work on Lehman Brothers’ rescue to continue over weekend

admin_huliq — Sat, 13 Sep 2008 15:36:14 -0500

Lehman Brothers, a major American investment firm, is spending the weekend trying to find an investor that would save the firm from complete collapse. The company has lost 80 percent of its stock value since Monday, when it announced that it had not secured a deal with the Korean Development Bank, which was widely expected to occur.

Lehman Posts Loss, Unveils Plan

admin_huliq — Wed, 10 Sep 2008 14:30:15 -0500

Lehman Brothers posted a preliminary loss of $3.9 billion for the third quarter, much wider than the most pessimistic analyst estimates, and unveiled a restructuring plan in an effort to instill confidence in the wake of yesterday's 45% plunge in the stock.

Ospraie Fund Closing and Other Lehman News

erku — Wed, 03 Sep 2008 11:45:17 -0500

Ospraie Management, a US hedge fund specializing in commodities investments is closing its doors after punting 38.6% of investors' capital year-to-date. It seems investors want their money back and the fund has opted to suspend redemptions and conduct an orderly liquidation. How is this hedge fund's performance related to Lehman Brothers?

Korea Development Bank And Lehman Brothers

erku — Fri, 22 Aug 2008 10:55:30 -0500

Interesting news that Lehman Brothers may be saved from its insolvent fate by Korea Development Bank. Rumors have emerged that a very big investment bank on Wall Street may fail in the near future and Lehman Brothers is a firm candidate.

Lehman Celebrates Banner First Half By Awarding Bonuses

admin_huliq — Thu, 03 Jul 2008 09:32:35 -0500

Lehman Brothers has opted to issue shares to all employees representing 20% of their equity compensation for the year. According to the Financial Times: "The early partial payment of annual bonuses follows demands from employees who believe the stock, hammered this year during the credit crunch, is likely to rise significantly in value." Let me get this straight.

Erin Callan, Joe Gregory Demoted From Lehman Top Positions

admin_huliq — Thu, 12 Jun 2008 10:05:39 -0500

In a desperate move to regain credibility from investors, Lehman has demoted Erin Callan from the CFO position and removed Joseph Gregory from the COO post. Dick Fuld will remain as CEO. Herbert McDade will succeed Mr. Gregory and Ian Lowitt will take over for Ms. Callan.