• Thu
  • Oct 23, 2014
  • Updated: 11:25am

Bankruptcy of Lehman Brothers

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”.


Banks agree derivatives rule to end 'too big to fail' scenario

The US$700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.

Monday, 13 October, 2014, 4:13am

Six years on, we still haven't learned the real lessons from Lehman collapse

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.

13 Sep 2014 - 2:12am 1 comment

Too big to jail? Inside the failed Lehman inquiry

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

Minibond saga drawing to a close

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

How keen is my rally

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

Of human mini-bondage

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

Finance chief deflects blame over minibonds

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

Arculli heeds lessons taught by Lehman crash

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

Monetary Authority to process 70pc of 20,999 complaints by next March

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 sells Asian private-client trade

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 team sees further HK losses

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

Lehman sacks five of HK team

Lehman Brothers fired five of its Hong Kong-based research team yesterday in a move that the firm described as a reorganisation.

Spokesman Gerry Kay said: 'I think that we wanted to drive an integration theme between different product areas . . . bringing fixed income and equities together.' Mr Kay said the changes would promote 'synergy' within the firm.

30 Jul 1997 - 12:00am

Lehman appointment

Global investment bank Lehman Brothers has appointed Zeus Chen as vice-president to cover Asian telecommunications companies. Mr Chen joined from Peregrine Brokerage.

23 Apr 1996 - 12:00am

Debt post

LEHMAN Brothers has appointed Stephen Roberts as senior vice-president and head of debt capital markets of the Asia Pacific region.

23 Jun 1995 - 12:00am

New chief at Lehman

LEHMAN Brothers Holdings has appointed Jarett Wait general manager and chief operating officer of its Hong Kong operations.

He would report to James Carbone, chairman of Lehman Brothers Asia, the company said yesterday.

21 May 1994 - 12:00am