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Special Report

The Death of Lehman Brothers

Ever since the collapse of Bear Stearns in March, the financial world has been waiting with baited breath to see who would fall next. While all the tell-tale signs pointed to Lehman Brothers, talks of mergers and capital raising efforts kept some of the worry at bay. View Report



News

Women on Wall Street: Gains come hard

Was the financial crisis disproportionately hard on female executives? To be sure, there was a lot of suffering by male and female executives and managers. The biggest casualties were the CEOs at the... Read more...

End of golden era of bank art collecting?

The benefits of Wall Street prosperity trickled down to the art world in fairly spectacular fashion during the boom years. The sheer level of acquisition was fairly stunning when you think about it.... Read more...

Goldman Sachs: Bankers vs. traders

The banker vs. trader divide on Wall Street is nearly mythic; it's the stuff of novels really. Who can forget the real-life war that wracked Lehman Brothers' Kuhn Loeb, so wonderfully chronicled by... Read more...

Did exec pay cause the crisis?

The role of executive pay as a cause of the financial crisis has been hotly debated. In one view, the severe plunge in the stocks of top banks, the likes of Bear Stearns and Lehman Brothers, caused... Read more...

Deutsche Bank faring well--or not

When people talk about banks that have fared well in the crisis, JPMorgan Chase (JPM) and Goldman Sachs (GS) get mentioned early. For a while Deutsche Bank (DB) was mentioned as well, almost in the... Read more...

Another look at the decline of Wachovia

It's been just over a year since the credit meltdown rocked the world, and we're seeing lots of journalists weigh in with polished first drafts of history. Andrew Ross Sorkin, of the New York Times,... Read more...

A remarkable video of John Mack

John Mack delivered an amazing speech at Wharton and fortunately it has been posted on YouTube. It appears to be a brutally honest look at Morgan Stanley (MS) at the nadir of the crisis. It's full of... Read more...

The CEO merry go round

CIT chief executive Jeffrey Peek has become the latest big-name CEO to step down amid the gargantuan credit crunch that has proved the undoing of so many top executives. The list is worth reviewing:... Read more...

How did top women execs fare in the crunch?

So how did top women executives end up, now that the worst of the credit crunch seems to have passed. Well, Minyanville offers a cheat sheet. Zoe Cruz wants back in the game, as a hedge fund pro.... Read more...

Another bad bet by Lehman Brothers: Art?

Lehman Brothers was known for its art collection back the day. A lot of that is set to be auctioned soon, notes Fortune. There will be some bargains in the initial round, the likes of David Hockney,... Read more...

Press Releases

LEHMAN BROTHERS REPORTS THIRD QUARTER RESULTS

For Immediate Release Media Contact: Hannah Burns 212-526-4064 Investor Contact: Shaun Butler 212-526-8381 - Reports Net Income of $887 Million and Net Revenues of $4.3 Billion - NEW YORK– Read more >>

JMP Group Hires Jonathan Dever to Head Financial Services Investment Banking Group

SAN FRANCISCO, Sep 06, 2007 (BUSINESS WIRE) -- JMP Group Inc. (NYSE:JMP), a growth-oriented investment banking and asset management firm, announced today that Jonathan P. Dever has joined JMP Read more >>

The Home Depot Agrees To Revised Terms of Sale of HD Supply

Transaction to Close August 30, 2007 ATLANTA, Aug 28, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Home Depot(R), the world's largest home improvement retailer, announced today that it Read more >>