Displaying 116 results
UBS’ Angela Mwanza on 2020, setting client goals and more
The collapse of Lehman inspired the co-founder of UBS Group AG's Evergreen Wealth Management to find a purpose for wealth.
10 years later, advisers still shudder recalling the financial crisis
Historic chain of market events left advisers and investors more skeptical, cautious.
Arbitration case costs Neuberger $4 million
Neuberger Berman Group LLC, a money manager that was part of Lehman Brothers Holdings Inc., was ordered by an industry regulator to pay about $4 million to three clients who bought structured notes backed by the failed investment bank
Sour notes from Lehman haunt UBS
UBS Financial Services Inc. is still feeling the pinch from lawsuits over its sale of structured notes issued by Lehman Brothers Holdings Inc. before it filed for bankruptcy protection in September 2008
It’s official: Neuberger is on its own
After seven months, executives at Neuberger Berman have officially spun themselves out from their former owner, Lehman Brothers Holdings Inc.
Lehman bankruptcy hits stumbling block
A dispute is brewing behind the scenes of the Lehman Brothers bankruptcy, pitting British attorneys against American attorneys, and, if unresolved, potentially stalling the legal proceedings for years.
Lehman: Barclays took $8.2B more than allowed
Lehman Brothers has accused Barclays Capital of taking $8.2 billion more than it should have when it bought key assets of the failed investment bank a year ago.
Lehman administrators reveal asset return plan for European unit
Administrators for the main European unit of bankrupt U.S. investment bank Lehman Brothers Holding Inc. revealed plans today to return frozen hedge fund assets to creditors as early as next year.
Ex-Lehman broker sentenced in insider trading case
A former Lehman Brothers broker has been ordered to serve 2,000 hours of community service for his role in an insider trading scheme.
The new kings of Wall Street
On Sept. 16, 1920, at precisely one minute after noon, Wall Street was literally shaken to its foundations when a massive bomb exploded outside J.P. Morgan's headquarters, killing dozens and injuring hundreds more.
Lehman shares jump in over-the-counter trading
Shares of Lehman Brothers Holdings Inc. jumped in over-the-counter trading Monday despite analysts warnings that prices will eventually dwindle down to nothing.
Neuberger Berman to acquire Lehman trust companies
Neuberger Berman Group LLC today announced that it has agreed to acquire the businesses of Lehman Brothers Trust Company, N.A. and Lehman Brothers Trust Company of Delaware.
Reserve founder charged with defrauding investors when Primary Fund broke the buck
The Securities and Exchange Commission filed fraud charges today against the father and son team who ran Reserve Management Co., the money-market fund company that rocked the financial world last September when it broke the buck on its flagship fund.
PE firms are likely suitors for AIG asset unit
With AIG shedding a number of its businesses to pay back government loans, its money management unit — which runs more than $111 billion in global assets for external retail and institutional clients — appears to be the next business to be put on the block by the distressed insurance giant.
Fuld sells Florida mansion to wife for $100
These are tough times for the ex-chief executive of Lehman. In September, the firm collapsed after filing the largest corporate bankruptcy claim in U.S. history. Now comes word that Mr. Fuld has sold his multimillion-dollar seaside Florida mansion to his wife for only $100.
Lehman offloads two private-equity funds
A Luxembourg investment partnership has agreed to purchase two private-equity funds from Lehman Brothers Holdings Inc.’s bankruptcy estate.
New genesis for long-closed Neuberger fund
Neuberger Berman LLC has re-opened its flagship $6.9 billion Genesis Fund to new investors for the first time since December 17, 2001, according to a Securities and Exchange Commission filing.
Lehman looks to exit bankruptcy by 2011
But the former Wall Street giant will need to assert more international coordination to meet this goal, a federal judge emphasized yesterday in a court hearing.
Lehman to spin off private-equity unit
Lehman Brothers Holdings Corp., which has filed for Chapter 11 bankruptcy protection, has reached an agreement in principal…
Study: Hasty Lehman bankruptcy burned $75B
Lehman's filing for bankruptcy protection in September destroyed as much as $75 billion of potential value to creditors, according to an internal analysis by the company's restructuring advisers.
