Displaying 116 results
Ladenburg cuts ratings on brokerage firms
Ladenburg Thalmann analyst Richard Bove downgraded Goldman Sachs, Lehman Brothers and Merrill Lynch .
Report: Lehman to ax 5% of work force
Lehman Brothers will begin cutting about 1,400 jobs starting Monday, according to CNBC.
Lehman liquidates deteriorating funds
Lehman Brothers has liquidated three struggling investment funds with a total of $1 billion in assets.
Lehman, UBS issue billions in stock
Lehman Brothers has priced a $4 billion offering of four million shares of convertible preferred stock.
Lehman Bros. sues Japanese firm
Forged documents, an impostor and $350 million of loans are the subject of a lawsuit filed today by Lehman Brothers.
Citi ups Lehman from ‘hold’ to ‘buy’
The upgrade comes after speculation that firm might be the next to fall after the collapse of Bear Stearns.
Lehman veteran launches hedge fund
One William Street Capital was founded by David Scherr, who worked for Lehman for 21 years.
Bear dead, is Lehman Bros. next?
Lehman, which like Bear is heavily leveraged and has a big mortgage portfolio, lost over a third of their value before rebounding.
New exchanges to the rescue?
Companies holding auction-rate securities have a new escape option: an emerging secondary market for trading the now-illiquid instruments.
Rivalry in ETN market is heating up
Financial advisers are glad to see that competition is heating up in the nascent exchange traded note market.
Lehman Bros. to cut 1,400 jobs
Lehman confirmed that it will lay off around 1,400 employees, or approximately 5% of its global workforce.
Lehman chief scored $22.1M comp package
Richard S. Fuld Jr. also exercised options and received vested stock valued at $66.7 million, the company said.
London Lehman traders suspended
The issues were not related to fraud, a spokesman said, but declined to elaborate on the reasons for the suspensions.
Lehman to ax 1,300 mortgage jobs
The bank will halt the U.S. wholesale mortgage lending activities at its Aurora Loan Services unit.
Lehman takes 4Q hit but beats estimates
The firm posted net income of $886 million, down from$1 billion during the year-ago period.
Lehman’s Fuld reaps $35 million in stock
The CEO will receive $35 million in stock this year, rewarding him for the firm’s limited subprime losses.
