Lehman criticism played down

Two senior government officials should not be held politically accountable for the Lehman Brothers investment fiasco of 2008, the head of a legislature subcommittee on the issue said yesterday.

Friday, 8 June, 2012, 12:00am

Lehman losers vow to fight on

For years, they banged the drum for justice, noisily protesting outside banks as they sought the return of money lost on minibonds when Lehman Brothers went to the wall in 2008.

7 Jun 2012 - 12:00am

Compensation in Lehman cases dwarfs potential fines for misconduct

I refer to Glenn Turner's letter asking whether the Securities and Futures Commission (SFC) can explain why the banks which sold Lehman products were not fined ('Banks, too, should be penalised', July 2).

7 Jul 2011 - 12:00am

In Brief

Lehman investors accept compensation offer

Thousands of investors who lost their savings in minibonds linked to collapsed investment bank Lehman Brothers voted overwhelmingly yesterday to accept an offer to recoup up to 96.5 per cent of their money, said auditors PriceWaterhouseCoopers, which has been overseeing the compensation process.

21 May 2011 - 12:00am

Hope after months of gloom

With so much doom and gloom around last year, everyone needs a bit of upbeat news to raise their spirits. Last week, Baat Gwaa bumped into a headhunter who offered a glimmer of hope.

19 Mar 2010 - 12:00am

1,800 still to reply to offer on Lehman products

More than 1,800 investors who bought Lehman Brothers minibond products from local banks had not replied to the banks' repurchase offers as of Wednesday. The offers were open for 60 days and many will begin to expire from Tuesday. More than 90 per cent of the investors have accepted the banks' offers to buy back their products at a discount, with about 80 per cent having been paid.

3 Oct 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.

6 May 2015 - 5:14pm

Body language

Financial Secretary John Tsang Chun-wah's budget address on Wednesday descended into farce when three members of the League of Social Democrats disrupted proceedings, with one trying to snatch his speech. The trio said their action was impelled by the government's refusal to accept their budget proposals to help the grass-roots.

28 Feb 2009 - 12:00am

Corrections & Clarifications

The January 24 report, 'Minibond deal raises pressure for more refunds', on page A3 quoted Peter Chan Kwong-yue, chairman of the Allied Victims of Lehman Products, as saying that the first offer by a Hong Kong financial institution of full compensation for minibond buyers was not totally suitable for larger banks.

28 Jan 2009 - 12:00am

Minibond soap opera gets its own theme song

Canto-pop may be duller than yesterday's dishwater, but a new creative trend proxy to that dominant local music genre has emerged with a heavy dose of gallows humour. The big TVB hit Moonlight Resonance ended last week. Its hit song by veteran songbird Susanna Kwan Kuk-ying is called Don't Want to Hurt You.

27 Sep 2008 - 12:00am

Lehman bets on rebound in property after rethink

Lehman Brothers has added its voice to the growing chorus of companies calling the bottom of the residential property market, reiterating an overweight stance on developer stocks.

27 Nov 1998 - 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.

6 May 2015 - 5:14pm

Lehman's bearish on Elain

SHE was the hottest woman on Wall Street, the toast of Lehman Brothers, earned a multi-million dollar salary and was, it now appears, a primadonna. Elain Garzarelli, partner and director of sector analysis, was alas sacked last week. Press reports have indicated Lehman's booted her out because she was too expensive. Insider hears that cost was by no means the only reason.

30 Oct 1994 - 12:00am