Lehman Brothers

Article Index

Special Report: How the Government is Setting Us Up for a Second Subprime Crisis

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

[Editor's Note: Shah Gilani, a retired hedge fund manager and noted expert on the global credit crisis, predicted this developing FHA debacle in a July 2008 Money Morning essay.] Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent - the Bush administration, the Treasury Department and the U.S. Federal […]

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G20 Leaders Meet to Rebalance World's Economy While Imposing Banking Reforms

By , Contributing Writer, Money Morning -

Leaders from the G20 nations, which represent 85% of the global economy, will hold an economic summit in Pittsburgh this week to determine how they can keep the economic recovery on track while rebalancing growth and imposing new regulatory restrictions on banks. U.S. President Barack Obama and his overseas counterparts will meet for the third […]

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The Slow Death of General Motors

By , Money Morning -

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama - the slow death of GM. The company nameplate may soldier on in some form, but it […]

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Confidence Crisis for Hong Kong Bank Tied to Lehman Bros. Rumors

By , Money Morning -

By Jennifer YousfiManaging Editor Rumors of a capital crisis due to overexposure to distressed U.S. securities drove shares of a Hong Kong bank sharply lower today (Wednesday), as concerned customers lined up outside retail branches to withdraw deposits. The Bank of East Asia Ltd. (OTC ADR: BKEAY), commonly referred to as BEA, asked Hong Kong […]

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The Real Reason for the Global Financial Crisis...the Story No One's Talking About

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

[Part I of a three-part series looking at how so-called “credit default swap” derivatives could ignite a worldwide capital markets meltdown.] By Shah GilaniContributing Editor Are you shell-shocked? Are you wondering what's really going on in the market? The truth is probably more frightening than even your worst fears. And yet, you won't hear about […]

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With Buyout of Merrill, Bankruptcy for Lehman, Wall Street Plays "Let's Make a Deal"

By , Executive Editor, Money Morning -

By William Patalon III Executive Editor Money Morning/The Money Map Report In one of its wildest and weirdest stretches ever, Wall Street entered a weekend awaiting a government bailout of Lehman Brothers Holdings Inc. (LEH) and exited with Merrill Lynch & Co. Inc. (MER) agreeing to sell itself to Bank of America Corp. (BAC) for […]

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Lehman Ripe for Takeover as Market Cap Plunges Below $6 Billion

By , Money Morning -

By Jennifer Yousfi Managing Editor Lehman Bros. Holdings Inc.’s (LEH) will announce “key strategic initiatives” early today (Wednesday), just one day after its stock nosedived to its lowest level in almost a decade. Lehman also will announce its expected third-quarter earnings – a week earlier than expected. Once the fourth largest Wall Street investment bank, […]

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KDB Still Angling for a Piece of Lehman Brothers

By , Money Morning -

By Jennifer YousfiManaging Editor Lehman Brothers Holdings Inc. (LEH) is scrambling to find a much-needed capital injection prior to announcing fiscal third quarter results this month. State-controlled Korea Development Bank, or KDB, confirmed it would take a 25% stake in the struggling Wall St. investment bank if it could find enough private sector partners to […]

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Korea's KDB Could Prove to be Lehman Bros. Savior

By , Money Morning -

By Jennifer YousfiManaging Editor Battered shares of Lehman Bros. Holdings Inc. (LEH) got a reprieve when Korea Development Bank expressed interest in a possible capital infusion, sending the stock up almost 10% in early trading. Lehman has been badly beaten down due to its high exposure to the subprime crisis and management’s refusal to make […]

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Lehman Brothers Raises Capital After $2.8 Billion Quarterly Loss

By , Money Morning -

By Jennifer YousfiManaging Editor Lehman Brothers Holdings Inc. (LEH) was forced to raise fresh capital yesterday (Monday), evidence that the subprime-fueled credit crisis is still far from over. "I am very disappointed in this quarter's results," Chairman and Chief Executive Officer Richard S. Fuld, Jr. said in a company statement released yesterday. "Notwithstanding the solid […]

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