Lehman Brothers news from FierceFinance
NewsWhat to make of Lehman's good bank/bad bank idea
The notion that Lehman Brothers might split itself into a bad bank--holding lots of troubled assets--and a good bank--the rest of Lehman--has been floating around for a while. Does the article in the Read more...
Wall Street firms gearing up to make mortgage bets
TheStreet.com suggests that Michael Nierenberg, who has been hired by Merrill Lynch to head up global mortgages and securitized products, could command up to $10 million in pay. Hedge fund D.E. Shaw Read more...
Richard Fuld's options dwindling
It's no secret that Richard Fuld is running out of options. Time is not his friend. The CEO of Lehman's best hope for a deal at this point may rest with South Korean banks. The latest: The Korean Read more...
Korean military pension to invest in Lehman Brothers?
Lehman Brothers has got some kind of Korean connection at work. We've noted that the Korea Development Bank's Min Read more...
Lehman Brothers deal still a possibility
The Korea Development Bank may not want to be the sole owner of Lehman Brothers, but it is apparently willing to be part of a consortium. The AP reports that the governor of state-owned KDB has told Read more...
Another blow to Lehman: Ospraie to shutter hedge fund
Ospraie Management, a hedge fund firm part owned by Lehman Brothers, suffered a 27 percent loss for August. For the year, it's down 39 percent, according to the Financial Times. That has prompted the Read more...
Richard Bove sticking to his guns on Lehman Brothers
Ladenburg Thalmann analyst Richard Bove is sticking to his guns on Lehman Brothers. He made headlines--again--not too long ago for his buy recommendation, which was driven by his belief that a Read more...
Bank losses in perspective
So just how bad are banks getting hit? The Financial Times undertook an analysis of bank losses in relation to historical profits. Merrill Lynch really stands out. Since the credit crunch started Read more...
Lehman Brothers to lay off 1,500
The New York Times reports that Lehman Brothers will lay off about 6 percent of its workforce, or about 1,500 employees. That brings the total axed jobs to 7,500 since June 2007. You have to think Read more...
Lehman apologizes for plagiarism
Is plagiarism a form of flattery? Well, on Wall Street, good ideas are meant to be replicated--fast. Despite the patent wars that continue to rage, Read more...
| Press ReleasesLEHMAN 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 GroupSAN 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 SupplyTransaction 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... |