Lehman Brothers, one of the largest investment banks in the United States, filed for bankruptcy in the early hours of September 15, 2008, after an exodus of clients, drastic falls in its stock prices and downgrades by credit rating agencies. Its collapse has been described as a key point in the global financial crisis, with some commentators referring to a “Lehmans Moment”.
On Monday, it will be six years since the collapse of Lehman Brothers. With the US economy still operating below par and Europe struggling to stay above water, the question is whether the right medicine was given after 2008.Saturday, 13 September, 2014, 2:12am 1 comment
The Securities and Exchange Commission's (SEC) eight-member Lehman Brothers team, having hit one dead end after another over the previous two years, concluded that suing the bank's executives would be legally unjustified.10 Sep 2013 - 3:41am
As the closing chapter to the Lehman Brothers minibonds settlement, about 3,000 people who invested in the four series of minibonds directly issued by Lehman Brothers will get up to 70 per cent of their initial investment.4 Jun 2012 - 12:00am
The protesters recently seen camping outside the Hongkong Bank headquarters had joined a global crusade against perceived corporate wrongdoing, known as Occupy Wall Street. But away from their demonstration, for several years now a local ad hoc protest group has been protesting against banks that sold defaulted Lehman Brothers minibonds.31 Oct 2011 - 12:00am
Does persistence and sheer bloody-mindedness pay off? Indeed, is it wise for investors to take on powerful financial institutions when they appear to have the backing of official regulatory bodies?3 Apr 2011 - 12:00am
The financial secretary yesterday denied he had been lax over the collapse of US investment bank Lehman Brothers last year and the global financial meltdown, which he described as not predictable and unprecedented.12 Dec 2009 - 12:00am
Hong Kong Exchanges and Clearing chairman Ronald Arculli has lost little sleep since the collapse of Lehman Brothers Holdings a year ago today.
'We were lucky as the Hong Kong market was closed on the Monday when Lehman filed for bankruptcy,' said this week's video guest.15 Sep 2009 - 12:00am
A total of 20,999 complaints have been received so far about the way banks sold credit-linked derivatives, including minibonds, issued or guaranteed by Lehman Brothers, Monetary Authority deputy chief executive Choi Yiu-kwan said yesterday.27 May 2009 - 12:00am
Lehman Brothers says it is selling its private-client business in Asia, along with some of its London-based, private-client business, to Prudential Securities Group.
In a separate move, the investment bank said it was transferring its 10-person equity derivatives unit from Hong Kong to Tokyo.22 Nov 1997 - 12:00am
Lehman Brothers saw more upheaval yesterday, as the firm said it was firing two fixed-income sales assistants and hiring a new head of Southeast Asia equity trading.
On Tuesday, the US-based investment bank sacked five of its Hong Kong-based research team.31 Jul 1997 - 12:00am