Lehman Brothers Inc.

Companies push for exemption from capital requirements on derivatives, senators voice support
Star Tribune (Minneapolis-St. Paul, Minn.) | 5 days 6 hours 28 minutes ago
WASHINGTON - As Congress crafts legislation to impose new oversight on complex instruments blamed for hastening the financial crisis, a major sticking point has emerged over companies that use the derivatives to hedge risk.

Real to Hit Pre-Lehman Level Versus Yen, Barclays Says: Technical Analysis
Bloomberg | 26 days 13 hours 38 minutes ago
Oct. 28 (Bloomberg) -- The yen is likely to weaken versus the Brazilian real to levels last seen before Lehman Brothers Holdings Inc. declared bankruptcy in September 2008, according to Barclays Bank Plc.

Companies drop pensions, pay execs $350M: GAO
Business Insurance | 4 days 4 hours 12 minutes ago
Ten large U.S. companies paid senior executives a total of $350 million in the few years prior to dropping traditional pension plans for employees, a Congressional watchdog said Thursday.

U.S. Stocks Rise; Dow Average Tops 10,000 for First Time Since October '08
Bloomberg | 40 days 7 hours 43 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.

Companies drop pensions, pay execs $350 mln--GAO
Reuters | 4 days 6 hours 4 minutes ago
WASHINGTON/BOSTON, Nov 19 (Reuters) - Ten large U.S. companies paid senior executives a total of $350 million in the few years prior to dropping traditional pension plans for employees, a Congressional watchdog said on Thursday.

JPMorgan CEO Dimon: End 'too big to fail'
Forbes | 10 days 10 hours 45 minutes ago
NEW YORK, Nov 13 (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail 'ethically bankrupt' and said regulators should have the power to wind down even the largest lenders.

Companies drop pensions, pay execs $350 million: watchdog
Reuters | 4 days 7 hours 23 minutes ago
WASHINGTON/BOSTON (Reuters) - Ten large U.S. companies paid senior executives a total of $350 million in the few years prior to dropping traditional pension plans for employees, a Congressional watchdog said on Thursday.

Pandit's `Near Death' Cash Hoard Signals Lower Profits Ahead at U.S. Banks
Bloomberg | 21 days 3 hours 35 minutes ago
Citigroup has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank. The lender, which last year came so close to a funding shortfall it had to get a $45 billion government infusion, is under pressure from the Treasury Department and regulators to keep more money on hand for emergencies, even as markets improve.

Lehman Bros. artworks up for auction
Arizona Republic (Phoenix), The | 24 days 5 hours 10 minutes ago
Lehman Bros. artworks up for auction, PHILADELPHIA - Even in these trying financial times, you're not going to see many going-out-of-business sales like this one.

FACTBOX-Largest U.S. bankruptcies
Forbes | 22 days 3 hours 33 minutes ago
NEW YORK, Nov 1 (Reuters) - CIT Group Inc, a major lender to small and mid-sized U.S. businesses, on Sunday filed Article Controlsemail

Gold Producer Stocks Poised to Underperform Bullion: Technical Analysis
Bloomberg | 17 days 6 hours 44 minutes ago
Gold traded at 11.5 times the level of the Philadelphia Stock Exchange Gold and Silver Index in October 2008, the most ever, as the financial crisis caused by Lehman Brothers Holdings Inc.'s bankruptcy sparked a stock market retreat and spurred investors to buy bullion as a haven. The gap has since narrowed as the mining index more than doubled to catch up with the metal's gain, beating gold's 48 percent advance.

Everything must go! Lehman Bros. art auctioned off by The Associated Press
National Public Radio | 24 days 3 hours 30 minutes ago
Even in these trying financial times, you're not going to see many going-out-of-business sales like this one.

Audit Is Critical of N.Y. Fed in AIG Bailout
Wall Street Journal, The | 6 days 12 hours 32 minutes ago
The Federal Reserve Bank of New York caved into demands by American International Group Inc.'s trading partners that they be paid in full for complex securities they had insured with the company, saving some of the world's biggest banks from potentially large losses, according to a government audit.

Citi, Wells Fargo, Lehman Servicer Boost Mortgage Modifications
Wall Street Journal, The | 45 days 9 hours 28 minutes ago
Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A new report from the U.S. Treasury shows Citigroup Inc. (C), Wells Fargo & Co. (WFC) and a loan servicer still owned by bankrupt Lehman Brothers Holdings Inc. (LEHMQ) made quick progress in September modifying mortgages for delinquent borrowers under a government foreclosure-prevention program.

New York Fed Caved In to AIG Creditors
Wall Street Journal, The | 6 days 19 hours 24 minutes ago
The Federal Reserve Bank of New York caved in to demands by American International Group Inc.'s trading partners that they be paid in full for complex securities they had insured with the company, saving some of the world's biggest banks from potentially large losses, according to a government audit.