Investment Banking News

Barclays plans to cut about 3,000 jobs as it brings Lehman Brothers Holdings Inc's North American operations that it bought into its fold, a source close to the British bank said on Friday.

Is Henry Paulson a crony communist or a businessman? The answer could be the difference between economic disaster and recovery.

Paul Krugman is a New York Times columnist. Last month, when the U.S. Treasury Department allowed Lehman Brothers to fail, I wrote that Treasury Secretary Henry Paulson was playing financial Russian roulette.

Morgan Stanley was racing on Friday to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.

Finance chiefs of the worlda s rich nations pledged on Friday to prevent big banks from collapse and to work together to stem the financial crisis after another day of gut-wrenching drops on world markets.

An auction to work out the value of Lehman Brothers bonds for the huge credit derivatives market went smoothly Friday, according to the International Swaps and Derivatives Association, which helps oversee the ...

Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts.

Stocks slid on Friday, as panicked investors unwound risky bets in a global sell-off on fears that tighter credit would spawn world recession.

The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve's interest rate cut. But they're hardly back to normal.

In two signs of continued strain, a key bank-to-bank lending rate rose Thursday and the amount of commercial paper in the market fell for the fourth straight week to 15 percent below the level before the investment bank Lehman Brothers Holdings Inc. filed for bankruptcy.

While lending doesn't appear to be in the same seized-up state as last week, the year-end could prove a difficult time for funding as banks and other institutions try to get their books in order, said Kim Rupert, managing director of global fixed income analysis at Action Economics.

Finding funding for Indie-Arcade has me watching the current financial crisis daily.

The Moonlight Basin ski resort near Big Sky has announced a large-scale layoff of employees because of the bankruptcy of the resort's primary lender, Lehman Brothers Holdings Inc.

NEW YORK - Will stocks benefit now that the government is letting investors bet on financial stocks going down? It's a strategy known on Wall Street as short selling.

LEHMAN Brothers, the New York-based investment bank that has fired about 4,000 workers since March, has notified some former employees that severance payments have been cut because of the company's bankruptcy.

The bankruptcy judge overseeing the Delphi case said Wednesday he may let the auto supplier pursue wider fraud claims against the Appaloosa Management hedge fund, which backed out of a deal to invest $2.55 ...

Rep. Elijah Cummings, D-Md., right, asks a question of Lehman Brothers Holdings Inc.

Tata Consultancy Services , India's largest outsourcer, has reached an agreement to acquire Citigroup's interest in Citigroup Global Services, its business process outsourcing arm in India, for about US$505 ...

Billionaire investor Warren Buffett 's instant paper profits on Goldman Sachs Group Inc.

In the wake of the stock's sell-off, Keefe Bruyette & Woods this morning upgraded BAC from "underperform" to "market perform." However, not all of the brokerage action this morning has been so upbeat; RBC ...

The Federal Reserve has been digging through its back add space a lot lately. In March and on Sept.

PARIS : U.S. Treasury Secretary Henry Paulson made a mistake by letting investment bank Lehman Brothers fail, France's finance minister said Wednesday.