IBTimes Australia : Lehman Brothers Topic

Fed hawks unite in call to retreat from mortgage stimulus

Fri, 17 May 2013 05:00:04 +1000

A trio of hawkish regional Federal Reserve officials are calling for the central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market.

Fed hawks push for move away from housing-linked stimulus

Fri, 17 May 2013 02:28:03 +1000

A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing recent improvement in the housing market.

Europe banks hesitate to join rush for new share capital

Thu, 16 May 2013 20:28:02 +1000

A wave of investor demand that has allowed Deutsche Bank and two other lenders to raise six billion euros (5 billion pounds)in new share capital in the past month is unlikely to prompt other European banks to go to their shareholders for more cash.

EU oil price probe puts Platts in spotlight

Wed, 15 May 2013 23:49:03 +1000

A European investigation into alleged price rigging by major oil companies has drawn attention to leading price agency Platts and the way it sets oil price benchmarks.

Fed's Bernanke warns shadow banking risks persist

Sat, 11 May 2013 00:28:02 +1000

Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default.

Analysis: New York may have to drop claims against BofA over Merrill

Fri, 10 May 2013 21:14:03 +1000

Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over its acquisition of Merrill Lynch - looks headed the same way.

Feds sideline billionaire Falcone from fund business

Fri, 10 May 2013 05:49:03 +1000

One-time, star-money manager Philip Falcone will be barred from starting another hedge fund for two years as he winds down his existing fund and returns money to investors, under a preliminary deal with securities regulators made public on Thursday.

Blackstone hires former Boeing executive to boost aerospace team

Fri, 10 May 2013 05:42:02 +1000

Blackstone Group LP hired former senior Boeing Co executive Jim Albaugh to boost the firm's private equity activities in the aerospace and defense sector.

Fund manager Falcone's star dims with tentative SEC settlement

Fri, 10 May 2013 02:14:03 +1000

Philip Falcone's fall from hedge fund stardom deepened on Thursday when a public company he controls disclosed that the billionaire investor had reached a preliminary settlement with U.S. securities regulators stemming from a probe into market manipulation.

Einhorn's advice to investors: don't take my advice

Thu, 09 May 2013 12:28:01 +1000

David Einhorn, one of the most closely followed managers in the $2 trillion hedge fund industry, had some blunt advice on Wednesday for his fellow investors: Do your own homework.

Citigroup sues Barclays over losses tied to Lehman

Wed, 08 May 2013 01:28:02 +1000

Citigroup Inc has sued Barclays Plc to recover more than $141 million (91.2 million pounds) for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc soon after Lehman's bankruptcy.

Banks paint wider targets after early misses

Sun, 05 May 2013 23:42:02 +1000

It has taken banks years to rein in their optimism and start setting targets they have some chance of meeting, finally chastened by conspicuous failure in meeting the unrealistic expectations they touted.

SEC chief White remains mum on money market fund reforms

Fri, 03 May 2013 23:14:01 +1000

The top securities regulator remained tight-lipped on Friday about the details of her agency's efforts to craft reforms for money market funds, probably disappointing an audience of fund industry executives who gathered in Washington for an annual conference.

Warren Buffett Invades Twitterland; Gets 188,000 Followers Right Away

Fri, 03 May 2013 09:29:02 +1000

nvestment guru Warren Buffet just opened an account with Twitter with the handle @WarrenBuffet, and he already has more than 188,000 followers in a matter of hours.

UBS shrugs off break up call, with shareholder support

Fri, 03 May 2013 00:42:01 +1000

UBS won broad shareholder backing for its strategy and pay policies on Thursday, dealing a blow to a surprise call from activist investor Knight Vinke Asset Management for the Swiss bank to hive off its investment bank.

Lehman Brothers sues Intel over $1 billion in seized collateral

Thu, 02 May 2013 15:35:03 +1000

Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.

Once bitten, Japan's big brokers play it safe amid Abenomics boom

Wed, 01 May 2013 20:28:02 +1000

With losses from ill-fated expansions still fresh in their minds, executives at Daiwa Securities Group <8601.T> and other top Japanese brokerages are waiting to see if the "Abenomics" boost has staying power before they invest aggressively again.

Revolution at JPMorgan as It Looses Co-COO Bisignano

Tue, 30 Apr 2013 09:29:26 +1000

J.P. Morgan Chase & Co. the financial behemoth, which employees 258,965 people and is considered the largest US Bank with operations across the globe, announced the departure of its Co-Chief Operating Officer Frank Bisignano on the 28th April 2013.

Iceland's centre-right set to return, 5 years after crash

Sat, 27 Apr 2013 23:14:02 +1000

Icelanders fed up with years of belt-tightening looked set on Saturday to oust the ruling Social Democrats, wooed with pledges of tax cuts and debt relief from the centre-right, which presided over a spectacular financial collapse five years ago.

Exclusive: Bernanke to skip Jackson Hole due to scheduling conflict

Sun, 21 Apr 2013 11:42:02 +1000

Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.

Exclusive: In rarity, Bernanke to skip Jackson Hole due to scheduling conflict

Sun, 21 Apr 2013 09:14:02 +1000

U.S. Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006.

Diamond era ends at Barclays with Ricci exit

Fri, 19 Apr 2013 00:35:03 +1000

Rich Ricci, the boss of Barclays' investment bank who collected $26 million (17 million pounds) in deferred bonuses last month, is leaving the scandal-hit bank as its new chief executive seeks to cut back executive pay and repair its image.

U.S. court OKs Lehman settlements to free up $15 billion for customers

Wed, 17 Apr 2013 04:42:01 +1000

A U.S. judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion (9.7 billion pounds) in customer claims.

Court OKs Lehman settlements to free up $15 billion for customers

Wed, 17 Apr 2013 04:35:03 +1000

A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims.

Thatcher's legacy: a citadel of finance atop once-derelict docks

Wed, 17 Apr 2013 02:00:03 +1000

Where a maze of derelict warehouses and old cranes once testified to Britain's decline, glass skyscrapers teeming with traders now dominate London's docks, a metaphor - for good and ill - for Margaret Thatcher's free-market revolution.

Thatcher's legacy: citadel of finance atop once-derelict docks

Wed, 17 Apr 2013 01:28:01 +1000

Lehman Brothers Creditors Could Get Money Back in Full - PwC

Mon, 15 Apr 2013 18:54:11 +1000

PwC says Lehman's administrators settled benchmark dispute and has freed $9.1bn for paying back investors

Lehman Europe creditors may be repaid in full

Mon, 15 Apr 2013 09:14:02 +1000

Creditors of the European arm of U.S. investment bank Lehman Brothers, which collapsed in September 2008, may be repaid in full, administrators said on Monday.

SEC tells banks to improve structured note disclosures: filings

Fri, 12 Apr 2013 05:00:04 +1000

The Securities and Exchange Commission told five big Wall Street banks last year to improve disclosures about structured notes that are mostly sold to retail investors, and criticized use of the term "principal protected" in marketing materials.

Pension funds dig for yield in disaster insurance

Mon, 08 Apr 2013 22:49:02 +1000

Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market.