Lehman Brothers News

PETER LLOYD: Councils, charities and churches that lost up to half-a-billion dollars in the collapse of global investment bank Lehman Brothers are facing yet more delays in recouping some money from that failed investment.

Pre-financial crisis, interest rate derivatives were widely recognized as a valuable part of the municipal issuer's financial toolkit.

Yesterday we participated in the JPMorgan Corporate Challenge 3.6 mile run in Central Park with thousands of other runners from investment banks, hedge funds and other companies in New York City.

Mike Ghielmetti of Signature Development Group said he looks forward to developing new housing at Oak Knoll, a former naval hospital site.

She will be based in New York and report to Steve Pollard, Head of Research for the Americas.

The biggest drop in perceived creditworthiness for emerging-market borrowers since the credit crisis is deepening as speculation intensifies that central banks will scale back record stimulus.

Tuesday night, the state revealed its new plan for traffic coming off of the Peace Bridge onto the U.S. side.

The frenzied selloff that sent global markets on a wild ride Tuesday morning has at least one known cause: liquidity mismatches.

Lehman Brothers Holdings Inc. said Monday that it will receive $813.6 million from the sale of additional unsecured claims against its former brokerage arm, as it continues to raise cash to pay off its creditors.

In September 2008, Lehman Bros. collapsed, sending the world into economic meltdown and calling time on a quarter-century-long Wall Street boom.

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The trustee liquidating Lehman Brothers' collapsed brokerage will begin a round of distributions on Friday that should result in institutional customers getting all their money back, trustee James Giddens said.

Institutional customers of Lehman Brothers' collapsed brokerage will receive full payouts on their claims, James Giddens, the trustee winding down the brokerage, said on Friday.

The Securities Investor Protection Corporation today applauded the hard work of Trustee Giddens and his attorneys in reaching this major milestone.

When this additional distribution is complete, distributions from the LBI estate will stand as the largest return of property in history to former customers of a broker-dealer following a bankruptcy and liquidation proceeding.

Sir Mervyn King's run as governor of the Bank of England ends June 30 after a decade in the office.

The emerging-market sell-off sparked by speculation of reduced Federal Reserve stimulus may cut revenue for investment banks including Standard Chartered Plc and HSBC Holdings Plc, JPMorgan Chase & Co.

Chlo Sevigny 's former apartment is start-up central. The actress sold her co-op at 119 E. 10th St. to technology entrepreneurs Halle Tecco and Jeffrey Hammerbacher for $1.76 million, according to city records.

American International Group Inc. Chief Executive Officer Robert Benmosche said that living wills, designed to help unwind struggling financial firms, may lead to international disputes.

Frank Bisignano , co-chief operating officer at JPMorgan Chase & Co . until April, is settling into his job as chief executive officer of First Data Corp., a credit-card transaction processor in Atlanta.