Lehman Brothers

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Don’t Curse Lehman’s Failure for Global Crisis

Don’t Curse Lehman’s Failure for Global Crisis

It has been five years now when the financial crisis emerged. It has become clear to many that Lehman's failure did not cause the crisis. As a matter of fact, Lehman's failure signaled a deep and enduring global financial crisis, but it no way caused the crisis.

Barclays win the ruling in the $11 dollar “windfall” suit

Barclays win the ruling in the $11 dollar “windfall” suit

The sale of the Lehman Brothers Holdings Inc. to Barclays Plc was fair amidst high recession, but its bankruptcy estate is no way entitled to recover a windfall of 11 billion dollars, ruled a federal judge. The judgment was awaited for a very long time.

Accounting giant had been sued for the collapse of Lehman Bros

Accounting giant had been sued for the collapse of Lehman Bros

The accounting giant named Ernst & Young had been charged with a lawsuit by the government indicating its efforts to assign blame for the financial problem.

Lehman's art collection suffers hammer after bank's collapse

Lehman's art collection suffers hammer after bank's collapse

Numerous works of art that adorned the offices of Lehman Brothers, the collapsed investment bank and some of its corporate memorabilia are to be sold at auction by Christie’s in London next month.

Creditors Eyeing Lehman’s European Share

Creditors Eyeing Lehman’s European Share

Creditors left with almost no money after the disintegration of the European arm of Lehman Brothers may possibly claim a share of £7.3billion cash, if they consent a plan that has been drawn up by managers of PricewaterhouseCoopers.

Investigation over E&Y’s audit operations for Lehman Brothers

Investigation over E&Y’s audit operations for Lehman Brothers

According to the revelation made by the Accountancy and Actuarial Discipline Board that they has started an examining procedure into the conduct of Ernst & Young, last night, for its role as an auditor to Lehman Brothers International Europe. The board is also crafting an investigation agenda for the number of individuals, but declined to comment on who or how many.

Ex-Lehman Chief Denies Recollection of Accounting Trick

Dick Fuld

The former Lehman Brothers boss, Dick Fuld is revealed to have denied all recollection of an accounting ruse, alleged to be utilized in a view to boost the Wall Street bank's balance sheet by $50bn (£30bn).

Ex-Lehman Chief Will Speak in Defense of Accounting Moves

Ex-Lehman Chief Will Speak in Defense of Accounting Moves

The ex- Chief Executive of Lehman Brothers will let know House lawmakers on Tuesday that he has does not remember at all about an accounting plan that a bankruptcy auditor said the corporation used in order to camouflage its terrifying economic condition.

Pieces Added to Puzzle by Lehman Examiner Complete Report

Lehman Brothers

Right from accounting mistakes to the flummoxed risk managers, the newly released documents collected by a court-appointed examiner of Lehman Brothers Holdings Inc. has managed to cast some fresh light on some of the factors that managed to propel the bank to bankruptcy.

NYT Reveals Lehman Shifted Assets to Hudson Castle before Disintegration

NYT Reveals Lehman Shifted Assets to Hudson Castle before Disintegration

The New York Times reported on Tuesday that Lehman Brothers made use of Hudson Castle, a small company to transfer the investments prior to its collapse.

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