Lehman Brothers

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Credit Crisis at Tipping Point
Credit Crisis at Tipping Point
analysis
Sep 12, 2008 9:29 AM CDT

Credit Crisis at Tipping Point

As troubles mount, US government's intervention shows signs of strain

(Newser) - The federal government keeps taking aggressive steps to keep the markets from flying off the rails, and yet here we are again: facing another crisis and wondering how much intervention is necessary, the Wall Street Journal reports. With government intervention showing signs of strain amid entrenched economic problems, the crisis...

Lehman Employees Feeling the Pain

With the share price plunging and no buyers on the horizon worry turns to fear

(Newser) - Lehman Brothers employees who watched their colleagues at Bear Stearns lose their jobs earlier this year are preparing for a similar fate in an already clogged field, reports the New York Times. “Everyone is walking around like they have just been Tasered,” said one Lehman employee. Making matters...

Feds Hope to Arrange Sale of Lehman This Weekend

Many potential scenarios, buyers said to be under consideration

(Newser) - The US government is helping to arrange a sale of Lehman Brothers this weekend, the Washington Post reports, with the Treasury Department and Federal Reserve working with the reeling investment bank to hammer down its fate before the Asian markets open Monday morning. Officials are reportedly talking to several different...

Bank of America in Talks to Buy Lehman Bros.

Investment bank looking for buyers to save it from collapse

(Newser) - Bank of America is in preliminary talks to acquire struggling investment bank Lehman Brothers, the Wall Street Journal reports. Lehman has been shopping itself around in a bid to stave off collapse, but potential suitors are wary. Many want Washington to assist with a sale of the bank, whose shares...

Late Reversal Leads to Gains
 Late Reversal Leads to Gains 
MARKETS
Sep 11, 2008 3:39 PM CDT

Late Reversal Leads to Gains

Off big early on Lehman, worries, Dow finishes session up 164.79

(Newser) - The markets saw gains late in the day today despite large losses in the financial sector, MarketWatch reports. Lehman Brothers fell another 41.9% as traders deemed its survival plan ineffective. But falling oil boosted industrial and transport shares, and the Dow closed up 164.79 at 11,43371. The...

Lehman Doomed by Market Schadenfreude, Bear Bailout

Everyone's enjoying watching giant fall, Lewis writes

(Newser) - All it took was a single anonymously sourced report Tuesday to send Lehman Brothers down about 50% in 15 minutes. This proves two things, writes Michael Lewis: The market is jittery, and “Lehman Brothers is doomed.” The big bank’s fate is sealed in part “because it...

Lehman: Finding a Buyer Will Be Tough
 Lehman: Finding 
 a Buyer Will Be Tough 
analysis
Sep 11, 2008 8:30 AM CDT

Lehman: Finding a Buyer Will Be Tough

Experts worry there may be no one that can put the big deal together

(Newser) - Lehman Brothers is in the same bind as home sellers in a tight real estate market: they have a great asset for sale, but nobody has the money to buy, reports Bloomberg. The bank hopes to auction 55% of its asset-management fund, but experts say interested investors may not be...

Lehman to Sell Off Assets; Faces Record $3.9B Loss

Company to dump commerical real estate holdings, slash dividens

(Newser) - Facing a record third-quarter loss of $3.9 billion, beleaguered investment bank Lehman Brothers is planning a fire sale of assets to help shore up its sagging capital base, reports the Wall Street Journal. The company said it would spin off its commercial real estate holdings, and auction of a...

Lehman Bros. to Report 3Q Stats Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'

(Newser) - Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from...

Stocks Reverse; Dow Down 280
 Stocks Reverse; Dow Down 280 
MARKETS
Sep 9, 2008 3:16 PM CDT

Stocks Reverse; Dow Down 280

Lehman Bros., housing weigh on investor sentiment

(Newser) - After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close...

Lehman Considers 'Good Bank/Bad Bank' Split

Sheltering troubled mortgage debt expected to bolster confidence

(Newser) - Lehman Brothers is considering splitting itself into two banks, a “bad bank” to house its $30 billion in troubled mortgage and real estate holdings, and a “good bank” to carry on with the help of a new investor or two, the New York Times reports. The move, which...

South Korean Banks Offer $5.3B for Stake in Lehman

Newspaper says Korea Development Bank plans a consortium to pay for the deal

(Newser) - Korea Development Bank—which in August backed out of negotiations to acquire struggling Lehman Brothers—is back with bid for a 25% stake in the capital-starved bank for as much as $5.3 billion, reports the AP. The state-owned lender says it will form a consortium of South Korean banks...

Lehman to Lay Off Another 1,500
 Lehman to Lay Off Another 1,500
Aug 29, 2008 2:21 AM CDT

Lehman to Lay Off Another 1,500

Wall Street quakes as ax falls again and again

(Newser) - Lehman Brothers is about to lay off another 1,500 employees—6% of its workforce—in its fourth round of cuts this year, an insider told the New York Times. The struggling financial services giant has already shed over 6,000 jobs since last summer. A total of some 101,...

Housing, AIG Spur Losses
 Housing, AIG Spur Losses
MARKETS
Aug 25, 2008 3:27 PM CDT

Housing, AIG Spur Losses

AIG is the troubled financial firm du jour

(Newser) - Stocks fell today as bad news from the housing and financial sectors diminished hopes that the economic slump will lift soon, the Wall Street Journal reports. The Dow fell 241.81 points to 11,386.25, led by a 5.5% loss at beleaguered insurer AIG. The Nasdaq fell 49....

Korean Bank Warned Off Lehman Bros. Buy

Firm may be too big a risk: official

(Newser) - The Korea Development Bank was warned today of rushing into a bid for Lehman Brothers by South Korea’s top banking official, the Financial Times reports. A Lehman investment may constitute too much risk for a state-owned bank, Jun Kwang-woo warned after last week’s news that, though KDB’s...

Lower Oil, Inflation Rally Stocks
 Lower Oil, Inflation Rally Stocks
MARKETS
Aug 22, 2008 3:36 PM CDT

Lower Oil, Inflation Rally Stocks

Fed chief soothes markets; Lehman may have a buyer

(Newser) - Stocks rallied today amid light trading but still saw weekly losses as oil prices fell and financials rebounded, helped in part by a speech by Ben Bernanke that eased inflation fears, MarketWatch reports. The Dow surged 197.85 to 11,628.06; the Nasdaq gained 34.33, closing at 2,...

Stocks Mixed as Oil Surges
 Stocks Mixed as Oil Surges 
MARKETS
Aug 21, 2008 3:22 PM CDT

Stocks Mixed as Oil Surges

Georgian conflict raises supply fears; analysts downgrade financials

(Newser) - Stocks saw mixed results today as the Dow and S&P 500 managed to claw back from early losses due to surging oil and a weak dollar, the Wall Street Journal reports. The Dow closed up 12.78 at 11,430.21; the Nasdaq fell 8.70 to 2,380....

Secret Lehman Sale Talks Fail
Secret Lehman Sale Talks Fail
Aug 21, 2008 9:48 AM CDT

Secret Lehman Sale Talks Fail

South Korean, Chinese investors balk at hefty $5B price for half of troubled bank

(Newser) - Secret talks earlier this month to sell up to half of struggling US investment bank Lehman Brothers to South Korean or Chinese buyers fell apart after last-minutes squabbles over details, the Financial Times reports. The bank, which is expected to announce up to $4 billion in writedowns next month, was...

Lehman Shops Key Unit in Quest for Cash

The troubled Wall Street firm is taking offers for its strong fund management wing

(Newser) - Lehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth,...

Financials Skid, Spark Sell-Off
 Financials Skid, Spark Sell-Off 
MARKETS
Aug 18, 2008 3:26 PM CDT

Financials Skid, Spark Sell-Off

Financials plummet on the prospect of a GSE bailout

(Newser) - The markets took a tumble today as familiar fears about a government bailout of Fannie Mae and Freddie Mac returned to the fore, MarketWatch reports. Led by its financial components, the Dow fell 180.02 to close at 11,479.88. The Nasdaq shed 35.54, settling at 2,416....

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