From the Iranian coffee cart guy to the Italian graduate student, almost everyone who walked past Lehman Brothers’ headquarters on a windy Wednesday morning in New York seemed to stop and mull its future.
Philipp Steiner, a graduate student in entrepreneurship from Italy, walked up to Lehman’s offices at 50th St. and 7th Ave after reading news about the […]
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Updated from 12:58 p.m. EDT With the “financial storm of the century” hitting financial institutions, many Americans are worried about the safety of their bank deposits. While the FDIC insures individual accounts up to $1
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Lehman Brothers plans to sell a majority stake in its asset management unit and spin off commercial real estate holdings, hoping to restore investor confidence and ensure its survival after reporting a record quarterly loss of about $4 billion.
What do you think will happen to the storied investment bank? A successful recovery? A Bear […]
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The demise of Lehman Brothers, Merrill Lynch, and Bear Stearns this year has investors contemplating the long-term outlook for other once-venerable institutions, including Dow members Citigroup, AIG and Bank of America. …
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Uncovering another dire quarter, with $5.6 billion in net writedowns and a worse-than-expected $3.93 billion loss, Lehman Brothers said it plans to sell a majority stake in its investment management division and spin off commercial real estate assets. The Koreans aren’t buying — they officially ran for the hills overnight — and Lehman also moved […]
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After the nationalization of Fannie and Freddie last week and the government’s role in JPMorgan’s purchase of Bear Stearns in March, the notion of America as “bailout nation” has taken hold. …
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Buyout firms get a bad rap and there isn’t enough perception of the good that the private equity industry does, said Blackstone Chief Operating Officer Tony James on Tuesday.
“We had the dubious distinction of being like a public punching bag for a year — by politicians, by press, by just about everyone,” James said at […]
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With the clock ticking down on its Lipitor patent, Pfizer is under pressure for the next big thing. With that in mind, talk that German drugs and chemicals group Bayer could be in its sights is not hard to swallow. Shares of Bayer, a $57 billion company, rose nearly 4 percent on the talk. It […]
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