More than 2,400 former Lehman Brothers bankers will have their pensions paid in full following a six-year legal battle.
The finger-pointing over who was responsible for the collapse of Lehman Brothers continues nearly six years after the firm filed for bankruptcy at the height of the financial crisis.
Barclays is entitled to about $6bn of disputed assets as part of its hurried purchase of much of Lehman Brothers's brokerage unit at the height of the 2008 financial crisis, a federal appeals court ruled.
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.