Lehman Brothers News

The use of big data, in general, is still in its early stages for many industries, but the financial services industry has been dealing with big data for years.

A U.S. bond industry group made recommendations on Thursday for specific settlement times for tri-party repurchase agreements - loans that help Wall Street firms to operate daily - to address weaknesses in a market that was roiled in the global credit crisis.

In fact, Japanese equities were basically the hottest major asset class in the entire world before today's bloodbath, posting 20.9% cumulative gains over the past three months alone.

Blackstone Group LP and Prologis Inc have agreed to buy a portfolio of 17 million square feet of warehouse and distribution centers whose majority owner is Lehman Brothers for about $960 million, two sources familiar with the deal said on Wednesday.

The liquidator for Lehman Brothers Holding Inc.'s Australian unit won federal court approval for a creditors' vote on a proposed claims settlement giving them as much as about half of what they're owed.

Apricus Biosciences Inc. unveiled plans to offer shares of common stock and warrants, while an affiliate of Lehman Brothers Holdings Inc.

Jeff Immelt, Chairman and CEO of General Electric, left. The company is considering spinning off parts of its finance unit through an initial public offering as Immelt works to shrink the business.

Lehman estate demands millions from nonprofits

Wells Fargo & Co. , the largest U.S. home lender and the nation's most valuable bank, closed at a record high yesterday as strength in the economy and housing markets spurred buyers.

The team focuses on the real estate portion of Greenhill's fund placement business, which provides capital-raising and other advisory services to private equity and real estate sponsors.

Almost five years after Lehman Brothers Holdings filed for bankruptcy and set off the global financial crisis, managers of the bank's estate are demanding millions of dollars from retirement homes, colleges, and hospitals.

Citigroup Inc. can be granted a $1.2 billion claim against Lehman Brothers Holdings Inc.'s defunct brokerage and will pay an affiliate of the Lehman parent $167 million to settle a dispute over amounts owed on foreign-exchange transactions, a judge ruled.

The U.K. Supreme Court on Tuesday began hearing parallel cases challenging whether pension funds of insolvent companies have priority claim over other creditors.

The former head of investment banking for EMEA at Credit Suisse will receive a stock bonus worth about US$45m in today's terms from his new employer over the next seven years, according to a regulatory filing.

PWC ADMINISTRATORS for Lehman Brothers are in the Supreme Court today to decide the future on how the collapsed bank's defined benefit pension scheme liabilities should be paid.

Economist Ethan Harris is managing director and co-head of global economics at Bank of America Merrill Lynch.

Lotame Solutions, Inc. , the global leader in unifying data management, today announced it has appointed Kevin Kohn as Chief Revenue Officer.

Almost five years after Lehman Brothers Holding Inc. filed for bankruptcy and set off the global financial crisis, managers of the bank's estate are demanding millions of dollars from retirement homes, colleges and hospitals.

FOR a few tense weeks in 2008, as investment-bank executives huddled behind the imposing doors of the New York Federal Reserve, Wall Street seemed to be collapsing around them.

First BanCorp , the bank holding company for FirstBank Puerto Rico , today filed a Form 8-K that disclosed that the United States Bankruptcy Court for the Southern District of New York has denied the Bank's Motion for Summary Judgment filed in connection with its claim to recover certain assets posted as collateral with Lehman Brothers, Inc.