Lehman Brothers Inc.
News and overview for Lehman Brothers Inc.
Lehman Brothers Said to Return to Mortgage Market Through Aurora Loan Unit
Bloomberg | 33 days 9 hours 54 minutes ago
Oct. 21 (Bloomberg) -- Lehman Brothers Holdings Inc., the investment bank brought down by the U.S. mortgage crash after 158 years, is set to return to funding home loans through its Aurora Loan Services unit, people familiar with the matter said.
UPDATE 1-Lehman expects plan of reorganization in 1st qtr
Reuters | 5 days 11 hours 36 minutes ago
NEW YORK, Nov 18 (Reuters) - Lehman Brothers Holdings Inc (LEHMQ.PK) said on Wednesday that it expects to have an outline for a plan of reorganization ready by the end of the first quarter of next year.
First BanCorp Reports Financial Results for the Third Quarter Ended September 30, 2009 [Press Release]
Business Wire | 24 days 15 hours 19 minutes ago
First BanCorp (the “Corporation”) (NYSE: FBP) today reported a net loss for the quarter ended September 30, 2009 of $165.2 million, compared to a net loss of $78.7 million for the quarter ended June 30, 2009, and net income of $24.5 million for the quarter ended September 30, 2008. For the nine-month period ended September 30, 2009, the Corporation incurred a net loss of $222.0 million, compared to net income of $91.1 million for the same period in 2008. The third quarter and nine months loss...
Lehman to pay $3.7M for Oak Knoll cleanup
American City Business Journals | 4 days 3 hours 44 minutes ago
Lehman Holdings LLC will pay $3.7 million as part of a deal with the City of Oakland to remove a serious fire threat and clean up trash dump conditions at the former Oak Knoll Naval.
The Daily Docket: Reliance Offers To Buy Lyondell
Wall Street Journal, The | 13 hours 28 minutes ago
Reliance Industries Ltd. is offering to buy a controlling stake in LyondellBasell Industries for about $12 billion, The Wall Street Journal reports.
XSEL Announces Financial Results for the Second Quarter 2009 [Press Release]
PRNewswire | 103 days 6 hours 7 minutes ago
BEIJING, Aug. 12 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports & Entertainment Limited (the "Company" or "XSEL")
FACTBOX-Claims filed against Lehman Brothers
Forbes | 41 days 11 hours 4 minutes ago
Oct 13 (Reuters) - Creditors have made more than $100 billion of claims against the U.S. operations of Lehman Brothers ahead of a final claim deadline on Nov. 2. Of the claims already filed, there are 67 larger than $1 billion and 435 bigger than $100 million. Many former Lehman employees have filed claims, with some seeking more than $50 million.
Lehman Europe Hedge Fund Clients Will Get $3.3 Billion Payout, Court Says
Bloomberg | 33 days 14 hours 1 minute ago
Oct. 21 (Bloomberg) -- Lehman Brothers International Europe's prime brokerage clients will get as much as $3.3 billion that U.K. bankruptcy administrators collected after the investment bank's collapse.
Lehman Brothers Says Negotiators Knew Barclays Got $5 Billion Discount
Bloomberg | 38 days 7 hours 1 minute ago
Oct. 16 (Bloomberg) -- Lehman Brothers Holdings Inc. executives who negotiated the sale of the bank's North American brokerage business to Barclays Plc knew they were giving the U.K.-based bank a $5 billion discount, Lehman said in court.
Friday Diversion: Axl Rose s House Sells Again, Connie and Maury Buy in Washington
Wall Street Journal, The | 10 days 9 hours 58 minutes ago
The Manchester, Vt., home of former Lehman Brothers Holdings Inc
Lehman Says Negotiators Knew Barclays Got $5 Billion Discount on Purchase
Bloomberg | 37 days 9 hours 24 minutes ago
Oct. 17 (Bloomberg) -- Lehman Brothers Holdings Inc. executives who negotiated the sale of the bank's North American brokerage business to Barclays Plc knew they were giving the U.K.-based bank a $5 billion discount, Lehman said in court.
Lehman execs aware of Barclays discount: court documents
Reuters | 37 days 10 hours 16 minutes ago
NEW YORK (Reuters) - The Lehman Brothers Holdings Inc (LEHMQ.PK) executives who sold the bank's U.S. brokerage to Barclays Plc (BARC.L) after its bankruptcy last year knew they were selling it at a $5 billion discount, according to a September motion unsealed on Thursday in U.S. bankruptcy court.
Lehman execs aware of Barclays discount-court documents
Reuters | 37 days 9 hours 57 minutes ago
NEW YORK, Oct 16 (Reuters) - The Lehman Brothers Holdings Inc (LEHMQ.PK) executives who sold the bank's U.S. brokerage to Barclays Plc (BARC.L) after its bankruptcy last year knew they were selling it at a $5 billion discount, according to a September motion unsealed on Thursday in U.S. bankruptcy court.
Lehman Trustee Seeks Part of $18 Billion Raised by Firm to Repay Customers
Bloomberg | 12 days 4 hours ago
James Giddens, the trustee for Lehman Brothers Inc., received more than 12,500 customer claims by the June 1 deadline for filing such requests, he said in a statement today. He has â??administeredâ?? more than $110 billion so far, after transferring more than $92 billion in accounts to other brokers, he said.
Lehmans’ clients may claim interim income, court rules
Times (London), The | 33 days 5 hours 43 minutes ago
Hundreds of hedge funds that were customers of Lehman Brothers and had their assets frozen when the bank collapsed can keep the cash generated by their portfolios in the 13 months since the investment bank was declared bankrupt.
Company Overview
| Company: | Lehman Brothers Inc. |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.lehman.com |
O brother, where art thou? If you're asking Lehman Brothers, the answer will undoubtedly be: "Right in the thick of investment banking." The company is the primary operating subsidiary of Lehman Brothers Holdings, historically one of the world's foremost investment banks. However, in September 2008 Lehman's faltered and filed for bankruptcy. The investment banking arm of British banking giant Barclays then agreed to acquire Lehman Brothers Inc., which makes up a majority of Lehman's North American business. Its services include brokerage, mergers and acquisitions and restructuring advice, debt and equity underwriting, market making, debt and equity research, and real estate and private equity investments.
Key Numbers
| Sales in U.S. Dollars (mil.) | 32.4 (2007) |
|---|---|
| One-year % Growth in Sales | 0.0 (2007) |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 7,300 (2007) |
| One-year % Growth in Number of Employees | 0.0 (2007) |
| Fiscal Year-End | November |