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 new policy would help to avoid the type of market chaos sparked by the collapse of Lehman Brothers in 2008.

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.

Wednesday, 6 May, 2015, 5:14pm

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

Our lofty central bankers and regulators have forgotten that finance is a derivative of the real sector. If the real economy is sick, fixing the derivative won't solve the problem. Photo: Bloomberg

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.

6 May 2015 - 5:14pm 1 comment

Why China cannot have a 'Lehman moment'

State backing has it covered

People are going to be discussing the flaws of Chinese finance for many years. Here's a helpful guide: as soon as you see or hear "China's Lehman moment" used seriously, stop paying attention.

25 Feb 2014 - 5:23am 4 comments

Scarred by the financial crisis, families around the world play safe with their money

The British spent 3 per cent less in 2012 than in 2007. Photo: AP

Five years after US investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.

8 Oct 2013 - 12:45pm

Too big to jail? Inside the failed Lehman inquiry

Richard Fuld, Lehman's chief executive, faced protests when he testified to Congress in 2008. Neither Fuld nor any other senior executive from a Wall Street bank has faced criminal charges resulting from the crisis. Photo: Reuters

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.

6 May 2015 - 5:14pm

Who suffered most and least from the Lehman crash

Hong Kong stocks plunged after the collapse of Lehman Brothers in 2008. Photo: Robert Ng

As we approach the fifth anniversary of the Lehman Brothers crash in September 2008, we might well ask: have we fixed the problems?

3 Aug 2013 - 1:29am

RBS agrees to buy back structured notes sold by Lehman at 100pc

RBS agrees to buy back Lehman products at 100pc. Photo: AFP

RBS is the latest bank to reach a settlement with the Securities and Futures Commission and the Hong Kong Monetary Authority after investigations into whether bank staff mis-sold risky products to customers.

19 Jul 2013 - 5:32am

Memory of Lehman curbs Hong Kong retail investor access to bonds

Minibond investors in protest.

If you want to invest in equities, you can buy stocks, mutual funds, exchange-traded funds, warrants and equity-linked notes, along with an array of insurance instruments that link to equity funds.

15 Jul 2013 - 5:05am

Hong Kong mediation centre aims to end Lehman minibonds investor pain

Teresa Cheng Yeuk-wah of the Financial Dispute Resolution Centre says mediation can solve investor-broker disputes. Photo: David Wong

Although the taxpayer-funded Financial Dispute Resolution Centre has handled far fewer cases than expected in its first 10 months of operation, industry players say it has made banks and brokers handle client complaints more seriously.

20 May 2013 - 4:18am

Talking Points

Dutch national Tanja Nijmeijer

Colombia, rebels resume peace talks

19 Nov 2012 - 3:24am

Plugging the gaps in financial regulation in HK

Plugging the gaps in financial regulation in HK

When I became the first non-executive chairman of the Securities and Futures Commission (SFC) in 2006, the world was cruising on a path of moderate growth, stable employment and subdued inflation, and asset prices were continuing to rise. Less than a year later, the world was hit by the subprime crisis that shone a spotlight on opaque markets that operate in the shadow of regulated markets.

22 Jul 2013 - 4:41pm

Three Australian councils win case against Lehman Bros unit

Women carrying boxes leave the Lehman Brothers headquarters in New York. The Australian arm of the 158-year-old investment bank bought Grange Securities in 2007.

Three Australian councils on Friday won their case against a Lehman Brothers subsidiary over losses they incurred on complex investment products that crashed during the global financial crisis.

21 Sep 2012 - 4:36pm

Global economy 'to take toll' on BOCHK loans

Bank of China Hong Kong, the overseas arm of Bank of China, expects loan demand to weaken even further in the current half as Hong Kong's economy suffers from the uncertain outlook in Europe and the United States.

24 Aug 2012 - 2:47am

Surviveand thrive

The Student

Melody Liu had been working in banking for six years when the world was rocked by the bankruptcy of Lehman Brothers and the subsequent global financial crisis.

15 Aug 2012 - 11:23pm

On the move

Monica Lee-Muller Managing director HK Convention and Exhibition Centre (Management)

23 Jun 2012 - 12:00am

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