Lehman Brothers

He then became chairman of investment bank Lehman Brothers and helped guide it through a rough patch in the 1970s. After 11 years at the firm he left amid a power struggle with his co-chairman Lewis Glucksman and took Schwarzman, at the time a managing director at Lehman, with him. In recent years ...

NEW HAVEN — As proposed in the fall, Ocean Management has submitted a plan to the city for conversation of the long-closed Lehman Brothers engraving factory in East Rock to housing. There will be six townhouses, each with three bedrooms and 21 other two-bedroom units on the property where ...

Last week, applications for refinances made up 40.1% of all mortgage applications, according to the Mortgage Bankers Association, the lowest share since September 2008. That was the month when the financial crisis boiled over: Lehman Brothers was allowed to fail, credit markets seized up, Fannie Mae ...

We will be “celebrating” the 10th anniversary of the collapse of Lehman Brothers this September. Some of the derivative products that brought about the downfall of Lehman Brothers and almost brought the world economy to a halt may no longer be as dangerous as they were then. But the machinery of ...

gavel A New York bankruptcy judge has ruled that Lehman Brothers Holdings, Inc. will have to pay around $2.4 billion to investors in order to settle disputes over toxic residential mortgage-backed securities (RMBS) sold by the bank during the financial crisis. It might not sound like it initially, but that's ...

A serious legislative effort, supported by the Trump administration, is underway to reduce the level of scrutiny applied to banks that are on the verge of becoming systemically important. If congressional Republicans have their way, financial stability will be at greater risk than at any time since the 2008 crisis.

He made his biggest mark as the rescuer of the giant investment firm Lehman Brothers, long before it went under in 2008 as the global financial crisis spread. Then, in his late 50s, he launched a new career as a founder, with Stephen A. Schwarzman, of the Blackstone Group, which pioneered a new breed ...

lehman brothers Staff stand in a meeting room at Lehman Brothers offices in the financial district of Canary Wharf in London September 11, 2008. REUTERS/Kevin Coombs. A forgotten financial metric showing the spread between the dollar London Interbank Offered rate and the Overnight Index Swap rate has widened to ...