Topic
TOPIC
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”.
Letters | Cryptocurrency chaos an ideal time for Hong Kong to develop market rules
- Readers discuss why Hong Kong’s announcement of a policy statement on virtual assets is timely, and the need for more scrutiny for companies under the technology voucher programme
July 22, 2009: Bank payouts on Lehman Brothers minibonds to top HK$6 billion
Banks will repay at least HK$6.3 billion to 29,000 people who bought Lehman Brothers minibonds in what is likely to be the world’s largest compensation package for retail investors.
Banks will repay at least HK$6.3 billion to 29,000 people who bought Lehman Brothers minibonds in what is likely to be the world’s largest compensation package for retail investors.
Evergrande default ‘unlikely’ to threaten China’s banking system
An expected default by China Evergrande, the world’s most indebted developer, is worrisome but unlikely to threaten the stability of China’s financial system, according to research analysts.
An expected default by China Evergrande, the world’s most indebted developer, is worrisome but unlikely to threaten the stability of China’s financial system, according to research analysts.
One forecast sees Brent crude going as low as US$5 a barrel
Citigroup said its base case is that Brent would average US$17 a barrel or lower in the second quarter, with a bear case of a US$5 average.
Citigroup said its base case is that Brent would average US$17 a barrel or lower in the second quarter, with a bear case of a US$5 average.
China set to cut interest rate to offset coronavirus damage
Hong Kong followed the United States, Australia and Malaysia in announcing an interest-rate cut in response to the economic impact of the coronavirus outbreak.
Hong Kong followed the United States, Australia and Malaysia in announcing an interest-rate cut in response to the economic impact of the coronavirus outbreak.
Japan enacts legislation making preschool education free
Bill was passed by the House of Councillors on Friday, amid criticism that the government should first focus on reducing the number of children on waiting lists.
Bill was passed by the House of Councillors on Friday, amid criticism that the government should first focus on reducing the number of children on waiting lists.
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.
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.
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.
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.
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.
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.
Who suffered most and least from the Lehman crash
As we approach the fifth anniversary of the Lehman Brothers crash in September 2008, we might well ask: have we fixed the problems?
As we approach the fifth anniversary of the Lehman Brothers crash in September 2008, we might well ask: have we fixed the problems?
RBS agrees to buy back structured notes sold by Lehman at 100pc
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.
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.