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James W. Giddens, the Trustee for the Liquidation of Lehman Brothers Inc. , with assistance of his counsel at Hughes Hubbard & Reed LLP, today filed his Second Interim Report for the period May 30 to November 11, 2009 with the United States Bankruptcy Court for the Southern District of New York.
Nov. 11 (Bloomberg) -- The trustee liquidating Lehman Brothers Holdings Inc. ’s brokerage asked a judge how much of the $18 billion raised by the bankrupt investment bank as it winds down its operations can be used to pay brokerage customers.
As Barclays and HSBC speed ahead, RBS and Lloyds' state owners could hold their stakes for as much as seven years.
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
Pundits and investment professionals say the U.S. recovery is here, but the boots on the ground say otherwise.
Repealing banking regulation in 1999 didn't cause the current crisis. Bringing it back won't fix it, either.
Nov. 12 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the previous close. The information in each item was released after markets closed, unless stated otherwise.
Nov. 11 (Bloomberg) -- Shinsei Bank Ltd. , the Japanese lender merging with smaller Aozora Bank Ltd., reported a second quarter profit helped by costs cuts and the absence of losses related to Lehman Brothers Holdings Inc.’s collapse.
Nov. 11 (Bloomberg) -- Bank of America Merrill Lynch will exclude Lloyds Banking Group Plc’s contingent capital notes from its bond indexes because the debt can convert to equity, the second time it’s changed its mind on the securities.
Nov. 11 (Bloomberg) -- KSK Energy Ventures Ltd. , the Indian utility whose stakeholders include funds tied to Lehman Brothers Holdings Inc., plans to raise as much as $125 million selling shares to institutional investors.
WASHINGTON (Reuters) - Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.
Nov. 11 (Bloomberg) -- The drop in the premium banks charge for dollar loans above the federal funds rate to pre-financial crisis levels may indicate investors are underestimating risk again, according to Macroeconomic Advisers LLC.
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Nov. 11 (Bloomberg) -- The European Union may try to wean banks off state aid by increasing the price of the government guarantees they use to issue debt, according to a draft report.
Nov. 11 (Bloomberg) -- Korea Electric Power Corp. , the nation’s biggest electricity producer, canceled a plan to sell as much as $700 million in dollar bonds, according to a person with direct knowledge of the matter.
Posted: Wednesday, November 11, 2009 4:30 pm | Updated: 6:00 pm, Wed Nov 11, 2009.
