(Reuters) - Lehman Brothers Holdings Inc <LEHMQ.PK>, which sent global markets into a tailspin after filing for bankruptcy in September 2008, is looking at spinning off its remaining assets, the Wall Street Journal said in an unsourced article. The assets include real-estate and private-equity holdings, the paper said, adding that the company is looking at investors who are willing to bet the assets will rise in value as the U.S. economy recovers. Internal Lehman calculations have pegged the... Read Full Story
Posted By: Charlie Gasparino With the one-year anniversary of the collapse of Lehman nearing, the top players at the firm— former CEO Dick Fuld, President Joe Gregory and CFO Erin Callan—are no longer Wall Street power players. Yet they are far from forgotten. Read More
Topics: Banking Sectors: Financial Services | Banks MEDIA: PHOTO
Permalink Read more: http://www.cnbc.com/id/32599560?__source=RSS*tag*&par=RSS Read Full Story
WASHINGTON (AFP) -- Lehman Brothers, the failed US investment bank, is considering spinning off its remaining assets to investors who feel their value will rise in an economic upturn, US news media reported. Internal calculations by Lehman Brothers Holdings Inc., whose assets consist of crippled real-estate and private equity holdings, have estimated their fair market value at about 45 billion dollars, The Wall Street Journal said. That amount is more than half what it was in September when... Read Full Story
The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.’s bankruptcy and Bernard Madoff’s Ponzi scheme increased the threat of lawsuits. A fund manager with $200 million of assets running a “straightforward” strategy is typically paying as much as $60,000 a year for $5 million of coverage, up from $50,000 at the end 2008, said Brian Horwell, director of professional risks at London-based Miller Insurance... Read Full Story
NEW YORK (Reuters) – A group of unsecured creditors objected on Friday to a request by bankrupt Lehman Brothers Holdings Inc (LEHMQ.PK) for more time to draft its reorganization plan, claiming the...
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Stress-Test Results
“We do expect first-quarter earnings will be better than previous quarters, but what investors are really looking most forward to are the results of the stress tests,” said Tom Kersting, an analyst at Edward Jones & Co. in Des Peres, Missouri. “Just looking at the first-quarter results may mislead some people as far as the results of the stress test.”
One reason quarterly results may not be enough to win the confidence of investors is that the Financial Accounting... Read Full Story
Lehman Brothers and Barclays have argued over deal value, real estate and the finer points of bankruptcy law. And now, teddy bears. The bears are among thousands of trinkets including golf tees, paperweights, umbrellas and tote bags and that Lehman wanted back from Barclays, the British firm that bought Lehman's brokerage business and its Manhattan headquarters in September 2008 after it declared bankruptcy. Lehman, once the fourth-largest U.S. investment bank, and Barclays Capital Inc. of... Read Full Story
* Lehman puts two banks on sale * FSB, Woodlands auction in early stages * At Dec. 31, FSB had $6.5 bln assets, Woodlands $5.4 bln (Adds background about the banks, bylines) By Paritosh Bansal and Emily Chasan NEW YORK (Reuters) - Bankrupt Lehman Brothers
Holdings Inc is auctioning a thrift and an
industrial bank it owns, and the process is in the early
stages, a source familiar with the matter said Monday. The sale of Lehman Brothers Bank FSB, a Delaware-based
thrift, and Woodlands... Read Full Story
NEW YORK (Reuters) - Assault charges against the
federal judge assigned to the Lehman Brothers Holdings Inc
bankruptcy case were dropped Monday, prosecutors in
Manhattan have confirmed. The judge, James Peck, of the U.S. Bankruptcy Court for the
Southern District of New York, had been arrested and charged in
early February with attempted assault and harassment against
his wife. The Manhattan District Attorney's office declined to say
why the charges were dropped, and said the case had been... Read Full Story
NEW YORK (Reuters) - Bankrupt Lehman Brothers
Holdings Inc is auctioning a thrift and an
industrial bank it owns, and the process is in the early
stages, a source familiar with the matter said Monday. The sale of Lehman Brothers Bank FSB, a Delaware-based
thrift, and Woodlands Commercial Bank, a Utah industrial bank,
is being handled by investment bank Lazard Ltd, the source
said. A transaction will have to go through the U.S. bankruptcy
court process, said the source, who asked not to be... Read Full Story
