lehman brothers

It would have been risky in the extreme to allow Citigroup to follow Lehman Brothers into capitalism's graveyard, or to let AIG collapse.

But a year ago America's top economic policymakers faced a momentous decision: whether or not to let Lehman Brothers fail (see article).

The collapse of Lehman Brothers in September 2008 was one of these "credit events" .

'I never once considered once that it was appropriate to put taxpayer money on the line with resolving Lehman Brothers, ' he said.

Consider how much darker the economic picture has grown since the failure of Lehman Brothers, which took place just over two months ago.

From Enron to Lehman Brothers, we've learned that complex business architectures are hard to analyze and easy to manipulate.

When Lehman Brothers went bust, lots of people said that if it had been Lehman Sisters things might have turned out differently.

Sources of Barclays said the British bank has pulled out of talks to buy parts of New York investment bank Lehman Brothers.

It was after all more than a year before Lehman Brothers' failure set off the financial crisis.

"This emphasises that the economy is weak and is likely to stay there for a while now, " said Zach Pandl, economist at Lehman Brothers.

Analysts said such a change on the day had not been seen since Lehman Brothers filed for bankruptcy in autumn 2008.

She has recently completed an internship at Goldman Sachs, the American investment bank, and with Lehman Brothers, in London.

Lehman Brothers would never have happened if it had been Lehman Sisters, according to this theory.

The Lehman Brothers bankruptcy on September fifteenth was a shock to the system, but not the only one.

"If someone thinks Hank Paulson could have made the Fed save Lehman Brothers, the answer is, 'No way, ' " he said.

The collapse of Lehman Brothers, the US investment bank, and the global economic crisis changed all that in a matter of weeks.

He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.

Q . The big market crash after Lehman Brothers folded was more than a year ago .

The calamity might have been contained if Lehman Brothers had been bailed out on September 14, 2008.

However, "the Wall Street Journal" pointed out that if the deficit continued to widen, Lehman Brothers, may need to raise more funds.

Insiders at Lehman Brothers say its European arm lacked an integrated picture of its risk position in the days running up to its demise.

Regulators are determined the chaos that followed the collapse of Lehman Brothers a year ago should not be repeated.

Managers at Lehman Brothers and Bear Stearns owned lots of shares, yet did not run their companies for the long term.

IT MAY be a year since the fall of Lehman Brothers, but the main questions about the future of the finance industry have yet to be settled.

First it was Goldman Sachs, which had a near-death experience after the collapse of Lehman Brothers.

That factory, which started production just six months before the collapse of Lehman Brothers, might have looked like a mistake.

The jump, he said, began around the time Lehman Brothers collapsed in 2008, when anxiety about money started to rise.

Lehman Brothers' programme of support for an inner-city London school was one of the most impressive I have seen.

Lehman Brothers, the bank whose collapse was the starter's gun for global panic, was a big financier of wind power.

I remember reading about the lavish but regimented lives of Lehman Brothers' upper echelon and thinking that this must be hell.

A year after Lehman Brothers collapsed, a think-tank has warned the lessons of the crisis have not been learned.

In October 2008, amid the post-Lehman Brothers market turmoil, the Fed began to pay interest to banks that keep money on reserve with it.

Henry Waxman, chairman of the House Oversight Committee, questioning Lehman Brothers CEO Richard Fuld over the bank's.

Since the collapse of Lehman Brothers, the number of hedge fund launches has fallen far from its peak.

Notoriously, S. & P. gave Lehman Brothers, whose collapse triggered a global panic, an A rating right up to the month of its demise.

The bank gained, among other things, from its acquisition of Lehman Brothers' American business.

The chaos after Lehman Brothers failed showed that letting major financial institutions collapse can be very bad for the economy's health.

But that perception of strength began to take a hit following the bankruptcy-court filing in September of Lehman Brothers Holdings Inc.

They're monsters of the people. It was the beginning of the end for vampires when Lehman Brothers went under, those bloodsucking parasites.

For a switch in pace, readers should turn to the account of the downfall of Lehman Brothers, the 158-year-old Wall Street investment bank.

The Lehman Brothers bankruptcy on September 15th was a shock to the system, but not the only one.

If it happens, the global economy will plunge into a crisis that will make the 2008 bankruptcy of Lehman Brothers look like a cakewalk.

Suddenly, we learned that Lehman Brothers, one of the pillars of American investment banking, was on the verge of bankruptcy.

The collapse of Lehman Brothers and the banking system's near-death experience (plus a slide in commodity prices) changed all that.

More than a year after the bankruptcy of Lehman Brothers and the ensuing financial market turbulence, we are at a critical crossroads.

Just over a year ago, the day Lehman Brothers filed for bankruptcy, the world economy fell off a precipice.

It was like a hidden passage on Wall Street, a secret channel that enabled billions of dollars to flow through Lehman Brothers.

But officials decided to let Lehman Brothers, a one hundred fifty-eight year old investment bank, fail.

"I never once considered it appropriate to put taxpayer money on the line in resolving Lehman Brothers, " he told reporters.

Lehman Brothers was formally bankrupt: the papers had been filed and the long list of unsecured creditors lodged.

Lehman Brothers, the storied investment bank, collapsed into a court-protected reorganization unprepared to remain in business.

This time, after the failure of Lehman Brothers last September, the system broke down and was put on artificial life support.

In an unexpected twist, the experiment straddled the collapse of Lehman Brothers and of the stock market.

Investors almost seem to think they can return to the rules of the game that adhered before the collapse of Lehman Brothers last September.

Since the fall of Lehman Brothers, default risk appears to have largely shifted from the banks to the governments that back them.

Chris LaFemina, of Lehman Brothers, said: "The annual iron ore benchmark contract pricing system may now be broken forever. "

As the auctioneer called out bids, in New York one of the oldest banks on Wall Street, Lehman Brothers, filed for bankruptcy.

Investors are now concentrating on what Lehman Brothers will do next, after the bank's precipitous share price fall.

After the bankruptcy of Lehman Brothers nearly a year ago, lending to banks and companies pretty much stopped.

Almost a year after it filed for bankruptcy, the value of Lehman Brothers shares has soared amid a surge in trading activity.

At 18. 4 million barrels, it was up on a year before, but comparisons with the month Lehman Brothers collapsed tend to flatter.

A year later, following the collapse of Lehman Brothers, the markets made a U-turn.

A YEAR on from the collapse of Lehman Brothers, the world economy is turning the corner.

Lehman Brothers, which has filed for bankruptcy, had been one of Simpson Thacher's top five or six clients annually.

The money is still flowing in, as evidenced by record results posted by Lehman Brothers on Tuesday.

Almost a year after its bankruptcy, the value of Lehman Brothers shares has soared amid a surge in trading activity.

More than three years have passed since the old-line investment bank Lehman Brothers stunned the financial markets by filing for bankruptcy.

Lehman Brothers is not the only bank seeking to recruit from Asia's gay community.

You see, Lehman Brothers, a major investment bank, is apparently about to go under.

Lehman Brothers threw the Wall Street storm heavier by their bankruptcy and the American Economy, plunged into the tsunami.

Lehman Brothers may not have had a private banking arm, but its collapse in September disturbed private bankers and their clients alike.

Whether it is Enron or Lehman Brothers, many company employees are often caught with a large fraction of their wealth in a single stock.

And regulators have no process for handling the failure of an investment bank like Lehman Brothers Holdings Inc.

Lehman Brothers , after all, still had an A2 credit rating when it went under , taking down with it billions in commercial paper.

If Dubai is the sovereign debt equivalent of Northern Rock, then Greece might be its Bear Stearns and Japan its Lehman Brothers.

Analysts at Lehman Brothers said: "There is likely to be a considerable amount of notional protection outstanding. "

Lehman Brothers was a symptom of a dysfunctional financial system and regulatory failure.

It will soon be a year since Lehman Brothers filed for bankruptcy.

Governments will do their utmost to avoid a repeat of anything like the bankruptcy of Lehman Brothers and the ensuing chaos.

On Monday September 15, Lehman Brothers, the US investment bank, was allowed to go into bankruptcy without proper preparation.

Aiful's share movement followed a Lehman Brothers report on Tuesday that said Aiful's parent company might be insolvent.

Nomura snapped up the Asian and European arms of Lehman Brothers in a bid to become a global investment bank.

"The ECB hiking [interest rates] in July would be consistent with a stagflationary feel, " said Michael Hume at Lehman Brothers.

The last time Westpac recorded such a rise was after Lehman Brothers collapsed in 2008.

Yesterday the house of Lehman Brothers fell, they may think, today the head of the I. M. F. succumbs in an ignominious and shocking manner.

"This is designed to end the chatter about Lehman Brothers and let us get back to business, " she said.

Only about a third of Barclays' activity is in Britain, partly thanks to its purchase of bits of Lehman Brothers in 2008.

Mr. Paulson added, "No one will, 10 years from now, write the story that this crisis was about Lehman Brothers going down. "

Lehman Brothers International (Europe) held over $30bn of client assets at the time of its collapse.

Adding to the fear was a loss in a prominent money-market fund, the Reserve Primary Fund, which held Lehman Brothers debt.

But officials decided to let Lehman Brothers, a 158-year-old investment bank, fail.

Morale is now almost as low as seen in the wake of the collapse of Lehman Brothers, noted Martin van Vliet at ING Financial Markets.

These plans were postponed after the bankruptcy of Lehman Brothers last September led to a meltdown in the financial markets.

Early today, the U. S. investment bank Lehman Brothers announced that would fail it will file for bank collapse bankruptcy.

It will raise fears that many other banks might be nursing steep losses following the collapse of Lehman Brothers.

The IMF said in September it has made $163 billion of lending commitments since the collapse of Lehman Brothers.

It was a tumultuous day on Wall Street as Lehman Brothers failed to find a merger partner and sought protection under the U.

On the same day the FTSE 100 reached 5, 140, its highest point since the collapse of Lehman Brothers a year ago.

The financial crisis has caused investment in venture capital funds to dry up since the collapse of Lehman Brothers in September.

Twelve months ago, the panic sown by the bankruptcy of Lehman Brothers had pushed financial markets close to collapse.

But in the years before its collapse, the Lehman Brothers board included a theatrical producer, an actress and a retired admiral.

Much of the global regulatory frenzy that has spawned the liquidity guidelines is a cathartic reaction to the Lehman Brothers collapse.

The already pummelled shares of Lehman Brothers, led by the pugnacious Dick Fuld, lost more than half their value in two days.

Inventories look set to be rebuilt after six months of unprecedented liquidation following the failure of Lehman Brothers.

It performed ineptly in the run up to the financial crisis and in refusing to bail out Lehman Brothers.

Chinalco's original raid on Rio, orchestrated by the late Lehman Brothers, was a sophisticated example of City slickness .

Imagine the headquarters of Lehman Brothers converted into a commune.

Let me start my analysis with the previous crisis, the bankruptcy of Lehman Brothers.

Early Monday, the U. S. investment bank Lehman Brothers announced that it will file for bankruptcy.

Lehman Brothers' North American operations were bought at the right moment (the trough) and the right price (close to zero).

Last week, George Soros warned that the European debt problem "has the potential to be a lot worse than Lehman Brothers" .

But if Lehman Brothers' collapse was unthinkable, they now face the unimaginable: fears of a sovereign-debt crisis in the euro zone.

The anniversary of the Lehman Brothers' bankruptcy and the freezing of the credit markets that followed is an occasion for reflection.

Early Today, the U. S. investment bank Lehman Brothers announced that it will file for bankruptcy.

By allowing Lehman Brothers to fall, the authorities demonstrated their reluctance to save financial institutions with public money.

Stocks have taken a pounding today as investors pondered the demise of Lehman Brothers and a takeover of Merrill Lynch.

When Lehman Brothers failed, it had more than 1m such relationships.

Since the collapse of Lehman Brothers last September, trade credit has become scarce, causing international trade to implode.

In September 2007, well before before the collapse of Lehman Brothers, Tett identified the heart of the problem.

America's economic data have become starkly weaker since the bankruptcy of Lehman Brothers in mid-September.

After surging out of their post-Lehman Brothers nadir, markets are showing serious signs of stress.

The collapse of Lehman Brothers was a turning point for Wall Street - a sign the financial services industry was in deep trouble.

His decision to let Lehman Brothers fail significantly intensified the crisis.

Just as the collapse of Lehman Brothers deepened the credit crunch in the west, it also seemed to cause a sharp jolt to confidence in China.

In the wake of Lehman Brothers' failure, emerging markets have suffered one of their biggest sell-offs in years.

As Lehman Brothers headed towards collapse in summer 2008, S& P gave the bank an A rating.

The rally last week wiped out losses for the benchmark gauge since the bankruptcy of Lehman Brothers Holdings Inc. in September 2008.

And in the 2008 crisis, the collapse of Lehman Brothers has at least created the preconditions for politicians to act.

The collapse of Lehman Brothers and wider financial turmoil has dealt a heavy blow to the confidence of strategic and financial buyers.

Consider an oft-cited example of a high Wall Street crime: Lehman Brothers' use of an accounting tactic known as Repo 105.

Within days of leaving office, the former Fed chief spoke to a private gathering of hedge-fund managers, organised by Lehman Brothers.

The Lehman Brothers of old was an enterprise that dealt in goods of real value.

This stability in final demand invalidated the pessimistic expectations of businesses formed during the post-Lehman Brothers panic.

And let's not forget that markets went into free fall when the Bush administration let Lehman Brothers go into liquidation.

But as the unexpected bankruptcy of Lehman brothers shows, ultra-safe does not mean impregnable.

Unable to get loans, Lehman Brothers, the fourth-largest US investment bank, went belly up.

The problems of the financial sector are far from over, as the $2. 8 billion second-quarter loss at Lehman Brothers illustrated.

IN THE weeks following the collapse of Lehman Brothers last September the number of euro banknotes in circulation suddenly increased.

"I have heard of that, wearing the golden handcuffs, " says Richard Barsom, an ex-Lehman Brothers trader turned stock promoter.

When Lehman Brothers collapsed, emerging economies ground to a halt, forcing government to step in with stimulus.

In the aftermath of the failure of Lehman Brothers, exports plummeted across the board.

It did not want Bear's fate to befall others, notably Lehman Brothers.

Lehman Brothers, its rival, was also cautious, revealing a slight drop in employee numbers between November and February.

Money markets are getting as tight as they were in the weeks after Lehman Brothers collapsed in 2008.

The speech came on the first anniversary of the collapse of Lehman Brothers and implicitly recognized that time was an enemy of reform.

Lehman Brothers' art investments have proved better than its financial ones.

It was not a mini Goldman Sachs but a mini Lehman Brothers.

Since the collapse of Lehman Brothers threw the world economy into turmoil, much has been done to improve the resolution of domestic banks.

At Lehman Brothers, he began working hundred-hour weeks.

WAS the collapse of Lehman Brothers in 2008 aided by a fraudulent cover-up of balance-sheet shenanigans?

The most famous "great but lucky" move was the opportunistic swoop on the US assets of Lehman Brothers.

The bankruptcy of Lehman Brothers seemed to change all that.

Few are predicting that a CIT failure would cause as much havoc in the financial market as the bankruptcy of Lehman Brothers did last fall.

The collapse of Lehman Brothers a year ago has made goldfish out of all of us: we are forgetting the lessons as quickly as we can.

At the hearing, regulators defended allowing Lehman Brothers to collapse and justified supporting the purchase of Wachovia.

After Lehman Brothers' chaotic bankruptcy it was judged that big bank failures were too destabilising to tolerate.

The collapse of Lehman Brothers cost 5, 000 jobs in London at its European headquarters.

The speed and ferocity of the Lehman Brothers crisis brought the world to the brink of a meltdown.

The federal government injected capital into major commercial banks shaken in the aftermath of the collapse of Lehman Brothers.

Obama's remarks coincide with the anniversary of the collapse of Lehman Brothers that triggered the global contagion.

Earlier this year, Nomura bought parts of the failed U. S. bank, Lehman Brothers.

If the markets survive the immediate aftermath of the disappearance of Lehman Brothers, that will be a big step away from the precipice.

A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers. By Lawrence G. McDonald and Patrick Robinson.

It was only when the collapse of Lehman Brothers in September sparked a global slump that the formulation was quietly dropped.

and the permissive stance of the Securities and Exchange Commission towards American broker-dealers like Lehman Brothers.

But Edward Morse, chief energy economist at Lehman Brothers, said prices were unlikely to carry on falling.

On Monday he allowed Lehman Brothers to fail and refused to make government funds available to save AIG.

Lehman Brothers had collapsed and investors sold bonds indiscriminately to meet their short-term cash needs, just to survive.

The collapse of Lehman Brothers on September 15 was the signature moment of the credit crunch.

Since the collapse of Lehman Brothers in 2008, however, we have discovered that things can definitely get worse.

On Friday, attorneys for Lehman Brothers filed notices of subpoena for firms including Goldman seeking access to documents and employees.

After the collapse of Lehman Brothers, economies around the world saw a near-synchronised downturn in activity.

"So the jury is still out, " said Sonal Varma, an economist at Lehman Brothers in Mumbai.

Lehman Brothers Inc, the broker-dealer in New York, was a relatively simple company.

His acquisition of the US operations of Lehman Brothers paid off while forays by Barclays into retail banking overseas have not.

Unlike Bear Stearns, Lehman Brothers has access to funds from the Federal Reserve through the central bank's discount window.

Come September, the market turned bearish, particularly towards Lehman Brothers, once regarded as the ultimate survivor.

The US treasury's mistake in allowing Lehman Brothers to go bust sparked the current crisis of banking liquidity.

The collapse of Lehman Brothers, the investment bank on Wall Street with a history of 158 years, has triggered the panic in the market.

President Barack Obama goes to Wall Street Monday, the anniversary of Lehman Brothers' collapse, to deliver a cautious victory speech.

One year on from the fall of Lehman Brothers, the face of Dick Fuld, former chief executive, has been back on our television screens.

When Bear Stearns and Lehman Brothers went under, the world realized that the banks kept much of the toxic assets at home. '

Lubbers pass, Lehman Brothers, Merrill Lynch, and so on the company's turmoil has put these people on the brink of unemployment.

Will the election of Mr Obama as US president or the collapse of Lehman Brothers prove to be the more significant event?

Mr Li, who owns Cambridge Water and has a stake in Northern Gas Networks in Britain, is being advised by Lehman Brothers.

But the terms for Pfizer got tougher in the fall as the talks intensified and the collapse of Lehman Brothers wiped out most loan activity.

Then, last month, Lehman Brothers collapsed, sending tremors through the banking sector.

The financial crisis that began with the collapse of Lehman Brothers straitened American resources even further.

Since Lehman Brothers went bust in September and financial markets froze, India's outsourcing firms have struggled to clinch deals.

The Chinese company's original raid on Rio, orchestrated by the late Lehman Brothers, was a sophisticated example of City slickness.

Written by someone called "Minerva" , it predicted the imminent collapse of Lehman Brothers, a now-defunct investment bank.

Since the collapse of Lehman Brothers in 2008, however, value obdurately refuses to perform.

TWO years ago the collapse of Lehman Brothers heralded a frightening period for the world economy.

Last week, investors saw how bad life is at Lehman Brothers Holdings Inc.

On October 6, Richard Fuld testified before congressmen about the collapse of his bank, Lehman Brothers.

In prices, privatization, and even foreign investment, China was heading away from the market long before Lehman Brothers collapsed.

It made a similar move with Lehman Brothers Merchant Banking, the firm's flagship private-equity business.

As with the Lehman Brothers fiasco, the failure to support a systemically-important institution unleashed a panic.

Among those must-have clients was Lehman Brothers, just weeks away from bankruptcy.

Lehman Brothers' announcement that it is filing for bankruptcy came after all potential buyers walked away.

The hotel business was doing fine until Lehman Brothers' collapse in September.

Their decision not to bail out Lehman Brothers was based on a complete misreading of the economic psychology.

As Richard Fuld, Lehman Brothers chairman and chief executive, put it: "Nothing stuns me, nothing surprises me these days. "

The move to ban short selling would be reminiscent of action in the volatile period after the collapse of Lehman Brothers in 2008.

Mortgage-backed securities became more risky and worth less causing investment firms like Lehman Brothers to suffer.

After the bankruptcy of Lehman Brothers last month, amid confusion about whom the state would save and on what terms, they panicked.

exposure to the insurer. By contrast, Mr Paulson allowed a Goldman competitor, Lehman Brothers, to collapse.

The US authorities were, however, right to allow Lehman Brothers to fail.

It has also underperformed bonds over the three years since Lehman Brothers went bust.

Yet after watching the fallout from the Lehman Brothers bankruptcy, American politicians are scared to allow this to happen.

Last month marked many monumental events, with the defining moment being the bankruptcy of Lehman Brothers.

Erin Callan was the chief financial officer of Lehman Brothers for the first six months of 2008.

LIFE must seem terribly unfair right now for Dick Fuld, who headed Lehman Brothers when it filed for bankruptcy last month.

But at least I'm not from Lehman Brothers.

Goldman Sachs, Bear Stearns and Lehman Brothers have all announced record profits and beaten analysts' expectations in the process.

The lesson of Lehman Brothers for investors was that it is best to sell first, and come back to fight another day.

The sixth, Lehman Brothers, has collapsed - though not without securing considerable bonus payouts for staff in the US.

Lehman Brothers has tried unsuccessfully to sell a pile of iffy securities backed by commercial mortgages all summer.

In both Bear Stearns and Lehman Brothers, for instance, employees owned a large part of the firms' shares.

Politicians live with the nightmare of the collapse of Lehman Brothers. Rightly so.

But Lehman Brothers' collapse , triggering the global financial turmoil, well and truly laid the debate to rest.

But even then, points out Ed Morse, of Lehman Brothers, another investment bank, Iran is having trouble selling the stuff.

Just think of the chain reactions unleashed by Lehman Brothers' collapse.

While the technical Greek default isn't causing fireworks like the fall of Lehman Brothers in 2008, the flames are growing.

The address, at Federal Hall, will come one year after the collapse of the investment giant Lehman Brothers.

September 2008, by contrast, marked the onset of the worst of the financial crisis, thanks to the implosion of Lehman Brothers.

This month, there has been plenty of hand-wringing about the anniversary of the Lehman Brothers collapse.

Yes, there is a fresh connection between the late Anna Nicole Smith and the bankruptcy case involving the shell of Lehman Brothers.

The time that those grad schemes were supposed to start concided with the collapse of Lehman Brothers.

Then, when Lehman Brothers tumbled in mid-September, some investors thought this marked another nadir.

CIC also had money in Reserve Primary Fund, the US money market fund which froze redemptions after the collapse of Lehman Brothers.

But it should be remembered that gold plunged along with everything else in the wake of Lehman Brothers' collapse in September 2008.

It already has hired more than 100 equity sales and research bankers from the Japan offices of the now-bankrupt Lehman Brothers.

People on both sides point to the inconsistency of throwing Lehman Brothers to the wolves while bailing out AIG.

Lehman Brothers was a pure investment bank, but Lehman too failed.

The financial overhaul was spurred by the 2008 financial crisis that triggered the collapse of Lehman Brothers Holdings.

With signs of trouble spreading to other countries, including Spain and Italy, the words "Lehman Brothers" are uttered ever more often.

Nomura of Japan never left but, following its acquisition of Lehman Brothers' Asian operations, it is being taken more seriously.

At the time, Moody's cited challenges stemming from the Lehman Brothers acquisition.

On Tuesday September 16th, a day after America's Treasury boldly let Lehman Brothers go bust, again the "Go Big" theory is being tested.

Nomura, a broker, made the splashiest acquisition of all with the purchase of the European and Asian arms of Lehman Brothers.

Lehman Brothers detailed payments to 35 professional firms in papers filed with the Securities and Exchange Commission on Monday.

Also for sale was a sign with Lehman Brothers' mission statement.

The fund held debt from Lehman Brothers, which filed for bankruptcy-court protection earlier this week.

Lehman Brothers' fall panicked financial markets into paralysis.

That looks brave when you consider the losses suffered following the collapse of Lehman Brothers Holdings.

We may never know who really wrote that internal Lehman Brothers memo of June 8 this year, but it certainly asked the right question.

Japan didn't fix its leaky roofs when the sun was shining prior to the 2008 collapse of Lehman Brothers Holdings.

The danger: another financial shock, perhaps like Lehman Brothers' failure.

ING partly blamed the effects of the Lehman Brothers bankruptcy-court filing.