Lehman Brothers News

Promoted to executive VP of digital Strategy and operations at NBCU's Entertainment and Digital Networks and Integrated Media division Krishan Bhatia has been promoted to executive VP of digital strategy and operations for NBCUniversal's Entertainment and Digital Networks and Integrated Media division.

Understanding credit crunches is a major concern for policymakers. This column suggests that the severity of a credit crunch in a specific area depends on the hierarchical structure of the banks operating in that credit market.

Barclays Plc asked a U.S. District judge to enforce a $50 billion deal struck in 2008 to buy bankrupt Lehman Brothers Holdings Inc.'s North American assets, saying it would "jeopardize" future sales of distressed companies if contracts and promises weren't honored.

Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc.

MF Global commodity customers whose cash vanished when the firm collapsed last year are owed $1.6 billion - up significantly from previous estimates - the trustee tasked with recovering the money said on Friday.

Standard & Poor's is once again sounding the alarm on Italy.A Specifically, the questioned credit rating agency downgraded 34 Italian banks including some of the biggest names like Unicredit, Intesa Sanpaolo , and Banco Popolare .A The downgrade came as a consequence of the recent sovereign credit rating axing S&P performed on Italy in January.

Almost immediately after we got word that a Greek deal with the troika was done, reports emerged that perhaps the deal wasn't as final as we thought.

Citigroup Inc. is again making headlines for landing into another legal mess. Recently, Citibank, the banking unit of the company, has been sued by Lehman Brothers Holdings Inc.

Lehman Brothers Holdings Inc. is suing several units of Citigroup Inc. to recover $2.5 billion it transferred to a backup account at Citi months before seeking bankruptcy court protection.

The 20-acre Sasco Hill estate owned by Bradley and Karin Jack tops the list of the town's deliquent taxpayers.

J.F. Lehman & Company, a leading middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has signed a definitive agreement to acquire National Response Corporation and its affiliated businesses NRC Environmental Services and SEACOR Response from SEACOR Holdings Inc.

Citigroup Inc.'s Citibank was sued for $2.5 billion by bankrupt Lehman Brothers Holdings Inc., which said the bank "wrongfully" withheld the money after it was transferred by Lehman in the months before its 2008 bankruptcy.

Grande Asset Hotels and Property will go ahead with its plan to invest in projects valued at Bt10 billion over the next three years after completing its debt restructuring early this year.

The proposal by the Securities and Exchange Commission to prevent a repeat of the run on money-market mutual funds after the Lehman Brothers failure in 2008, reported in today's Wall Street Journal , would hamper the management of MMFs and reduce their yields to investors.

Citing an international trend to clamp down on risk-taking that could lead to financial disasters similar to the 2008 collapse of Lehman Brothers, banks will soon be required to disclose the salaries of employees who earn as much as board members do, a Financial Services Agency official said Monday.

The cover jacket of "Extreme Money: Masters of the Universe and the Cult of Risk," by Satyajit Das.

Regulators are completing a controversial proposal to shore up the $2.7 trillion money-market fund industry, more than three years after the collapse of Lehman Brothers Holdings Inc.

The aftermath of the Lehman Brothers Holdings Inc. bankruptcy in 2008 was a scary time: One measure of stock-market volatility, known as the VIX or the "fear index," peaked at almost 60, compared with about 18 today.

Bank of America investors won class-action status Monday for a lawsuit over the bank's 2008 purchase of Merrill Lynch.

It may also be changing the way the financial industry views itself. After years of huge paychecks and bonuses, financial industry workers are seeing their compensation capped and cut thanks to anxiety surrounding the global economy and oncoming regulations.