Credit Suisse is poised to report its biggest quarterly loss since the collapse of Lehman Brothers after being fined $2.6bn for helping American clients evade taxes.
Brad Hintz, a Sanford C. Bernstein analyst who covered investment banks including Goldman Sachs for more than a decade, is leaving Wall Street to become a professor at New York University.
Barclays has announced the appointment of Tim Luke as a Vice Chairman and Managing Director in its Technology, Media, and Telecommunications (TMT) Investment Banking team in New York.
A 30-story skyscraper in London’s Canary Wharf financial district continues to haunt the remnants of defunct Lehman Brothers.
Moelis & Company, a leading global independent investment bank, today announced the appointment of Maarten de Jong as a Managing Director providing financial and strategic advice to healthcare clients in the U.S. and internationally. Mr. de Jong will join the Firm in August and will be based in New York.
With Credit Suisse poised to become the first bank in more than a decade to admit to a crime in the U.S., regulators have been reaching out to some of the firm’s biggest business partners to avert a panic, according to a person briefed on those communications.
Almost six years after Lehman Brothers filed for the largest bankruptcy in history, triggering a global market meltdown, hedge funds are still feeding on its remains.
It will never been known what might have happened if Lehman Brothers had not collapsed in 2008, unleashing a wave of panic on the financial markets that led to the bailout of banks around the world.
One of the largest hedge fund firms in the world continues to make money quietly by focusing on beat up loans-despite the general perception that bonds have little to offer investors.
Lehman Brothers may be long dead, but its assets continue to be a lucrative investment for hedge funds.