Lehman Brothers Inc.

News and overview for Lehman Brothers Inc.

Macquarie: Kloiser-Jones To Head Asia Structuring, Derivatives Solutions
Wall Street Journal, The | 5 days 9 hours 26 minutes ago
HONG KONG (Dow Jones)--Macquarie Group Ltd.'s (MQBKY) equities broking unit said Thursday it appointed Jeremy Kloiser-Jones to the new role of Asia head of structuring and derivatives solutions.


Barclays Capital hires 150 Asia bankers, to hire 100 more
MarketWatch | 5 days 7 hours 36 minutes ago
Barclays Capital, the investment banking arm of Barclays PLC /quotes/comstock/13!bcs/quotes/nls/bcs (BCS 21.35, +0.01, +0.03%) , has hired about 150 bankers in Asia this year and is on track to hire around 100 more, people familiar with the situation said.


Modify bankruptcy, not U.S. financial rules -Congress aide
Forbes | 6 days 16 hours 40 minutes ago
By Tom Hals and Chelsea Emery NEW YORK, Nov 17 (Reuters) - The United States needs to modify its bankruptcy laws so that the largest companies can fail without causing turmoil in the U.S. financial system, a top Congressional staffer said on Tuesday.


Facebook shares rise on private market
Canada.com | 4 days 22 hours 22 minutes ago
The price of Facebook Inc. stock on exchanges for private companies has jumped as much as 42% in the past four months as membership of the site topped 300 million users and the company turned cash flow positive.


Dow Exceeds 10,000, Led by Financials, on Recovery From Lehman
Bloomberg | 40 days 19 hours 23 minutes ago
Oct. 14 (Bloomberg) -- The Dow Jones Industrial Average climbed above 10,000 for the first time in a year, led by lenders, as U.S. stocks approached their highest levels since Lehman Brothers Holdings Inc.'s bankruptcy sent the global economy into a tailspin.


Einhorn's Next Call Won't Be as Easy as Lehman: William Pesek
Bloomberg | 28 days 4 hours 22 minutes ago
Oct. 27 (Bloomberg) -- David Einhorn was right about Lehman Brothers being a house of cards. What about Japan?


Ex-Macquarie, Lehman Bankers Plan $148 Million Moss Capital Property Fund
Bloomberg | 34 days 11 hours 57 minutes ago
Oct. 21 (Bloomberg) -- Moss Capital, formed by ex-Macquarie Group Ltd. and Lehman Brothers Holdings Inc. bankers, is close to completing a A$160 million ($148 million) fund that will invest in Australian property.


Lehman Brothers' art on the auction block
Tennessean (Nashville), The | 23 days 4 hours 14 minutes ago
Affordable pieces generate buzz


Dow Tops 10,000 for First Time Since October 2008 on Recovery From Lehman
Bloomberg | 40 days 19 hours 18 minutes ago
Oct. 14 (Bloomberg) -- The Dow Jones Industrial Average climbed above 10,000 for the first time in a year, led by lenders, as U.S. stocks approached their highest levels since Lehman Brothers Holdings Inc.'s bankruptcy sent the global economy into a tailspin.


Robertson Backs a Tiger
Wall Street Journal, The | 22 days 9 hours 16 minutes ago
Former hedge-fund titan Julian Robertson plans to make a seed investment in a private-equity infrastructure firm led by Emil W. Henry Jr., an alumnus of Lehman Brothers Holdings Inc. and former Treasury Department official.


Wells Fargo Hires Ex-Lehman Public Finance Chief Stack to Boost Business
Bloomberg | 33 days 19 hours 15 minutes ago
Oct. 21 (Bloomberg) -- Wells Fargo & Co., seeking to boost its municipal bond business in the northeast U.S., hired Ronald Stack, the former head of public finance at Lehman Brothers Holdings Inc. and Barclays PLC.


Bear Acquittals Cause Soul-Searching as Decisions Near on AIG, Lehman
Wall Street Journal, The | 12 days 11 hours 11 minutes ago
The acquittals of two former Bear Stearns Cos. hedge-fund managers on securities-fraud charges is causing some soul-searching among prosecutors who hope to hold Wall Street accountable for excessive risk-taking that helped lead to the financial crisis.


UPDATE 1-Trustee-Lehman's Barclays probe should be unsealed
Reuters | 45 days 19 hours 6 minutes ago
NEW YORK, Oct 9 (Reuters) - The U.S. Trustee, which oversees bankruptcy cases in New York, said on Friday it believes documents related to Lehman Brothers Holdings Inc's (LEHMQ.PK) probe of its asset sale to a Barclays Plc (BARC.L) unit should be made public, according to court documents.


Not the First Black Eye,' but Should AIG, Lehman Cases Be Pursued?
Wall Street Journal, The | 12 days 6 hours 48 minutes ago
The acquittals of two former Bear Stearns Cos. hedge-fund managers on securities-fraud charges is causing some soul-searching among prosecutors who hope to hold Wall Street accountable for excessive risk-taking that helped lead to the financial crisis.


Florida Investment Pool's Securities Dealings With Banks Are Probed by SEC
Bloomberg | 17 days 18 hours 22 minutes ago
Lehman Brothers Holdings Inc., JPMorgan Chase & Co. and Credit Suisse Group AG may have misled officials overseeing Florida's Local Government Investment Pool in 2007 when they sold the securities without disclosing â??the risk and liquidity of investments,â?? the SEC said in an Oct. 17, 2008, letter to the State Board of Administration that runs the pool.





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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