Lehman Brothers Holdings Inc.
News and overview for Lehman Brothers Holdings Inc.
Exelon Announces Third Quarter Results; Narrows Full Year 2009 Earnings Guidance [Press Release]
Business Wire | 31 days 6 hours 40 minutes ago
Exelon Corporation (NYSE: EXC) today announced that its third quarter 2009 consolidated earnings prepared in accordance with GAAP were $757 million, or $1.14 per diluted share, compared with earnings of $700 million, or $1.06 per diluted share, in the third quarter of 2008.
Everything must go! Lehman Bros. art auctioned off
Yahoo! | 22 days 11 hours 14 minutes ago
PHILADELPHIA – Even in these trying financial times, you're not going to see many going-out-of-business sales like this one.
Lehman Brothers Says Negotiators Knew Barclays Got $5 Billion Discount
Bloomberg | 37 days 21 hours 33 minutes 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 30 minutes ago
The Manchester, Vt., home of former Lehman Brothers Holdings Inc
Freddie Mac Names Bruce M. Witherell Chief Operating Officer [Press Release]
PRNewswire | 97 days 2 hours 38 minutes ago
...Morgan Stanley in 2006, Witherell spent 15 years at Lehman Brothers Holdings, Inc. in a variety of senior leadership roles. From 2003 to 2006, he was chief executive officer of Lehman Brothers Bank and chief executive officer of Aurora Loan...
Lehman execs aware of Barclays discount: court documents
Reuters | 37 days 15 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 Says Negotiators Knew Barclays Got $5 Billion Discount on Purchase
Bloomberg | 36 days 22 hours 50 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 29 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 Paid $402.9 Million in Year to Bankruptcy Lawyers, Advisers
Wall Street Journal, The | 38 days 23 hours 19 minutes ago
Lehman Brothers Holdings Inc. paid its lawyers and financial advisers $402.9 million in the year following its September 2008 collapse, according to documents filed in the failed investment bank's Chapter 11 case.
XSEL Announces Financial Results for the Second Quarter 2009 [Press Release]
PRNewswire | 102 days 20 hours 39 minutes ago
BEIJING, Aug. 12 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports & Entertainment Limited (the "Company" or "XSEL")
UPDATE 1-Trustee-Lehman's Barclays probe should be unsealed
Reuters | 45 days 17 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.
Lehman real estate partnerships sued over losses
Reuters | 23 days 20 hours 5 minutes ago
NEW YORK, Oct 30 (Reuters) - A group of investors sued several Lehman Brothers Holdings Inc (LEHMQ.PK) real estate partnerships on Friday, saying they would not have invested had they known the partnerships were buying property from Lehman at far above fair value.
Nomura May Expand Use of Stock-Based Compensation to Retain Key Employees
Bloomberg | 27 days 13 hours 29 minutes ago
Oct. 27 (Bloomberg) -- Nomura Holdings Inc., the Japanese brokerage that bought parts of Lehman Brothers Holdings Inc. last year, may increase the use of stock-based compensation, Chief Executive Officer Kenichi Watanabe said.
Nomura May Offer Stock Options for Staff to Boost Incentive, Watanabe Says
Bloomberg | 27 days 14 hours 30 minutes ago
Oct. 27 (Bloomberg) -- Nomura Holdings Inc., the Japanese brokerage that bought parts of Lehman Brothers Holdings Inc. last year, may increase the use of stock-based compensation, Chief Executive Officer Kenichi Watanabe said.
Lehman reportedly to return to U.S. mortgages through Douglas County-based unit
Denver Post, The | 32 days 9 hours 58 minutes ago
Lehman Brothers Holdings Inc., the investment bank brought down by the U.S.
Company Overview
| Company: | Lehman Brothers Holdings Inc. |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.lehman.com |
In what could be called the collapse heard 'round the world, venerable investment bank Lehman Brothers declared bankruptcy in September 2008, ending a reign of some 160 years in financial services. One of the top bulge-bracket firms and perennially among the industry leaders in M&A advice, debt and equity underwriting, and global finance suffered a knockout punch and reported nearly $7 billion in losses after becoming embroiled in the global credit crisis of 2007 and 2008. After acquisition talks with foreign investors fell through, Lehman attempted to restructure itself, including selling off operations for cash. The plan was too little too late, though, and Lehman filed for Chapter 11 bankruptcy protection.
Key Numbers
| Sales in U.S. Dollars (mil.) | 19,257 (2007) |
|---|---|
| One-year % Growth in Sales | 9.5 (2007) |
| Net Income in U.S. Dollars (mil.) | 4,192 (2007) |
| One-year % Growth in Net Income | 5.9 (2007) |
| Number of Employees | 28,600 (2007) |
| One-year % Growth in Number of Employees | 10.4 (2007) |
| Fiscal Year-End | November |