Lehman Brothers Holdings Inc.

News and overview for Lehman Brothers Holdings Inc.

Dow Tops 10,000 for First Time Since October 2008 on Recovery From Lehman
Bloomberg | 40 days 18 hours 22 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.


Florida Investment Pool's Securities Dealings With Banks Are Probed by SEC
Bloomberg | 17 days 15 hours 27 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.


Barclays Capital Hired 150 Asia Bankers; To Hire 100 More - Sources
Wall Street Journal, The | 5 days 6 hours 3 minutes ago
HONG KONG (Dow Jones)--Barclays Capital, the investment banking arm of Barclays PLC (BCS), has hired about 150 bankers in Asia this year and is on track to hire around 100 more, people familiar with the situation said.


Einhorn's Next Call Won't Be as Easy as Lehman: William Pesek
Bloomberg | 28 days 3 hours 26 minutes ago
Oct. 27 (Bloomberg) -- David Einhorn was right about Lehman Brothers being a house of cards. What about Japan?


Modify bankruptcy, not U.S. financial rules -Congress aide
Forbes | 6 days 15 hours 44 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.


Bove Foresees U.S. Bank Stocks Doubling on `Astoundingly Positive' Profits
Bloomberg | 18 days 18 hours 27 minutes ago
Bove, the analyst who recommended selling Lehman Brothers Holdings Inc. four months before it collapsed, said earnings at U.S. banks will begin to recover in the second half of 2010 and triple within three years. Lenders have raised the level of cash on their balance sheets to a level where they don't face the same risks of collapse that they did a year ago, he said.


Macquarie: Kloiser-Jones To Head Asia Structuring, Derivatives Solutions
Wall Street Journal, The | 5 days 8 hours 30 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 6 hours 40 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.


Real to Hit Pre-Lehman Level Versus Yen, Barclays Says: Technical Analysis
Bloomberg | 27 days 19 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.


A look at the top 10 US bankruptcies -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 22 days 13 hours 21 minutes ago
CIT Group 's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.


A look at the top 10 US bankruptcies
Orlando Sentinel (Fla.) | 22 days 13 hours 23 minutes ago
CIT Group 's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.


U.S. Stocks Rise; Dow Average Tops 10,000 for First Time Since October '08
Bloomberg | 40 days 18 hours 24 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.


Facebook shares rise on private market
Canada.com | 4 days 21 hours 26 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.


Pandit's `Near Death' Cash Hoard Signals Lower Profits Ahead at U.S. Banks
Bloomberg | 22 days 4 hours 26 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.


Bear Acquittals Cause Soul-Searching as Decisions Near on AIG, Lehman
Wall Street Journal, The | 12 days 6 hours 14 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.





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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