Sep
12
Its only going to get worse for brokers and banks. AIG could be next after LEH
September 12, 2008 | Leave a Comment
Insurance giant American International Group, beset by a record stock slump and a possible cut from ratings agency Standard & Poor’s, said Friday it was reviewing its businesses and that “everything was on the table,” suggesting it might sell assets to raise capital and avoid a crippling downgrade.
“The markets are skittish and very tight,” [...]
Aug
28
Lehman layoffs cap a bad week for Wall St. jobs
August 28, 2008 | Leave a Comment
Lehman, Merrill shut the door
Commentary: Job cuts, smaller bonuses and scorn on tap until yearend
By MarketWatch
Last Update: 8/28/2008 3:15:00 PM
NEW YORK (MarketWatch) — If America has any pity left for the Wall Street
banker, it was directed Thursday at the bankers of Lehman Brothers Holdings Inc.
Reports said the battered Lehman (LEH) is planning to cut 1,500 [...]
Aug
19
For Investment Banks, Mergers Are Looking Attractive Again
August 19, 2008 | Leave a Comment
By Matthias Rieker
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–In banking circles, convergence talk is back.
Mergers between investment banks and commercial banks had become rare until
JPMorgan Chase & Co. (JPM) bought Bear Stearns, but falling profits and tougher
funding have hurt Lehman Brothers Holdings Inc. (LEH), Morgan Stanley (MS),
Merrill Lynch & [...]
Jun
26
Lehman Brothers Holdings (LEH) Could Suffer a Bear-like Liquidity Crisis
June 26, 2008 | Leave a Comment
Paulson, in other words, raised the specter of “moral hazard,” or the
government’s inadvertent promotion of reckless lending, trading and other risky
behavior by guaranteeing that banks won’t be allowed to fail. And he risked
bringing up his own Wall Street lineage to bring home the point.
When the Treasury and its central bank opened the Primary Dealer Credit [...]
Jun
25
The Short View: Credit fears resurface [[LEH=BSC]]
June 25, 2008 | Leave a Comment
By Jamie Chisholm
Wednesday Jun 25 2008 13:25
Fears are mounting that conditions are set to deteriorate markedly in credit markets.
Lehman Brothers (NYSE:LEH) warned this week that spreads on credit default swaps, which track the cost of insuring corporate debt against default, could soon spike beyond the levels seen at the time of the Bear Stearns (NYSE:BSC) [...]
Jun
19
THE SKEPTIC: Banks’ Exotic Fear
June 19, 2008 | Leave a Comment
THE SKEPTIC: Banks’ Exotic Fear
Last Update: 6/19/2008 11:09:24 AM
By Arindam Nag
A DOW JONES NEWSWIRES COLUMN
In a few weeks investors in some European banks will have to brace themselves to
hear about two different potential sources of losses: basis risk and credit value
adjustments.
It sounds exotic, but simply put, basis risk [...]
Jun
16
CORRECT: Lehman Is Not Cutting Dividend, Already Raised $6B
Last Update: 6/16/2008 4:32:27 PM
(Adds conference call comments from CEO Fuld and other executives beginning in
the first paragraph and updates stock price.)
By Jed Horowitz
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Lehman Brothers Holdings Inc.(LEH) announced a $2.8 billion
second-quarter loss Monday that [...]
Jun
11
SAN FRANCISCO (MarketWatch) — BlackRock Inc. invested in Lehman Brothers’ equity
offering this week, Chief Executive Laurence Fink told CNBC on Wednesday. He
declined to say how much BlackRock invested in the brokerage firm. Fink said
Lehman is adequately structured to avoid a liquidity crisis like the one that
almost felled Bear Stearns in March. It’s time to start [...]
Jun
10
SEC’s Cox: Wall Street’s Capital-Raising Is ‘Healthy Trend’
Last Update: 6/10/2008 1:03:48 PM
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Wall Street’s regulator said Tuesday he welcomed efforts
by investment banks to raise capital, calling it “a healthy trend.”
“We have been encouraging each of the major investment banks to strengthen their
balance [...]
Jun
10
Lehman Shares Fall Below $28 Price In Capital-Raising >LEH
Last Update: 6/10/2008 11:50:06 AM
DOW JONES NEWSWIRES
Shares of Lehman Brothers Holdings Inc. (LEH) continued their fall, dropping over
6% Tuesday as their month-long swoon resulted in the brokerage shedding 40% of
its market value.
Monday’s projection of a $2.8 billion quarterly loss deepened anxieties that
banks and [...]
