Lehman Brothers Holdings Inc.
News and overview for Lehman Brothers Holdings Inc.
Radical fixes for 'too big to fail' gain support - MarketWatch
MarketWatch | 1 day 9 hours 58 minutes ago
"What you will have is another public utility sector, with banks growing roughly 4% a year, funded by deposits," Richard Bove, a financial-services analyst at Rochdale Securities, said in an interview.
Hedge fund manager Einhorn says break up big banks - MarketWatch
MarketWatch | 19 days 19 hours 47 minutes ago
DTE Energy increases 2009 earnings outlook
Money flows into hedge funds again, HFR says - MarketWatch
MarketWatch | 19 days 21 hours 2 minutes ago
Over two-thirds of all hedge funds experienced capital inflows in the third quarter, getting more than $38 billion in new assets, HFR reported. However, these gains were offset by more than $37 billion in capital outflows from investor redemptions and liquidations. That resulted in a net inflow of $1.1 billion.
Lehman Brothers Holdings Inc. Selects Citadel Solutions as Asset Servicing Platform Provider [Press Release]
PRNewswire | 73 days 20 hours 45 minutes ago
Lehman Brothers Holdings Inc. Selects Citadel Solutions as Asset Servicing Platform Provider...Citadel Solutions announced today that it has been selected by Lehman Brothers Holdings Inc. (LBHI) to provide administration services, including the...
Goldman posts profit, sees conditions improving - MarketWatch
MarketWatch | 24 days 4 minutes ago
Analysts polled by Thomson Reuters had expected the firm to earn $4.24 a share.
Capital Gold Group Clients Haunted by Lehman Fall 1 Year Later [Press Release]
PRNewswire | 54 days 23 hours 44 minutes ago
...together in an effort to save Lehman Brothers Holdings, Inc. by Treasury Secretary Henry...financial tsunami that allowing Lehman to fail would create. Even though the executives of Lehman Brothers predicted "massive global wealth...
CITto file for bankruptcy after rescues fail - MarketWatch
MarketWatch | 6 days 15 hours 27 minutes ago
The formal filing in U.S. Bankruptcy Court was expected to follow within hours,.
CIT files for bankruptcy protection - MarketWatch
MarketWatch | 5 days 23 hours 5 minutes ago
"The decision to proceed with our plan of reorganization will allow CIT to continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy," Chairman and CEO Jeffrey M. Peek said in a statement.
Aetna Reports Third Quarter 2009 Results [Press Release]
Business Wire | 10 days 2 hours 17 minutes ago
Aetna (NYSE: AET) today announced third-quarter 2009 operating earnings of $308.2 million, or $.69 per share, a 38 percent decrease from the prior-year quarter. Operating earnings (1) exclude net realized capital gains (losses) and other items. The decrease in operating earnings per share from the prior-year quarter reflects a lower Commercial underwriting margin and a previously announced increase in pension expense partially offset by the impact of a lower number of shares outstanding year-...
Ixia Announces 2009 Third Quarter Results [Press Release]
Business Wire | 10 days 16 hours 2 minutes ago
Ixia (Nasdaq: XXIA) today reported its financial results for the third quarter ended September 30, 2009.
Lehman Brothers Said to Return to Mortgage Market Through Aurora Loan Unit
Bloomberg | 17 days 18 hours 3 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.
Lehman Brothers Said to Return to U.S. Mortgage Market Through Aurora Unit
Bloomberg | 17 days 18 hours 4 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.
Monument Realty's Potomac Place Tower Gets a Fresh Start [Press Release]
PRNewswire | 74 days 16 hours 45 minutes ago
...800 4th Street in Southwest Washington, D.C. The condominium project was stalled when the senior lender, Lehman Brothers Holdings Inc., filed for bankruptcy in September 2008. Since that time Monument Realty has worked closely with a new...
Exelon Announces Third Quarter Results; Narrows Full Year 2009 Earnings Guidance [Press Release]
Business Wire | 16 days 17 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
Boston Globe, The | 8 days 16 hours 57 minutes ago
PHILADELPHIAEven in these trying financial times, you're not going to see many going-out-of-business sales like this one.
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 |