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Showing 111 - 120 of 177 results for "Lehman Brothers"

AEGON takes Lehman Bros hit

RUTH LIEW  |  THURSDAY, 25 SEP 2008
AEGON is expecting to suffer losses from its $466 million exposure to Lehman Brothers. During 2008, AEGON actively lowered its exposure to Lehman Brothers by approximately 20 per cent. By September 12, four days before Lehman Brothers filed for bankruptcy ...

Super funds are not 'blameless'

MICHAEL HOBBS  |  THURSDAY, 25 SEP 2008
... risks of the US sub-prime mortgage crisis, particularly with what happened with Fannie Mae, Freddie Mac, AIG and Lehman Brothers. The credit crisis has highlighted the need for pension funds to better understand their role in the "investment chain" and ...

Nomura absorbs Lehman Bros Australia

MICHELLE BALTAZAR  |  TUESDAY, 23 SEP 2008
Around 3,000 Lehman Brothers employees, including those in Australia, will soon work for Nomura Holdings, after the Japanese investment firm inked a deal to buy Lehman Brother's entire franchise in Asia-Pacific. The deal is still subject to certain ...

Investment titans now governed by Fed

COMPANY RELEASES  |  MONDAY, 22 SEP 2008
... Morgan Stanley have morphed into bank holding companies - a historic move to avert a disastrous turn similar to Lehman Brothers and Bear Stearns. Goldman Sachs announced in a statement yesterday US time that it will become the fourth largest bank holding ...

No more short cuts

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
... emerge that short-sellers are at the root of the current malaise in the financials sector - with Bear Stearns and Lehman Brothers among the casualties. In Australia, the Australian Securities and Investments Commission (ASIC) said it has extended its ...

Mahogany assesses Lehman exposure

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
... is voluntarily suspending the trading of its $75 million Notes Series I ahead of possible financing issues with Lehman Brothers. The firm announced the trading halt two days ago and then officially suspended yesterday. According to a statement, Lehman ...

TOWER and BNY Mellon clarify position

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
... financial services firm, Bank of New York Mellon have been quick to clarify the firms have little to no exposure to Lehman Brothers and AIG. In an Australian Securities Exchange (ASX) statement, TOWER Australia said it has "negligible exposures to AIG ...

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
... in December 2007, Bear Sterns was not yet in trouble, Fannie and Freddie were not yet under 'conservatorship,' Lehman Brothers was still operating, Merryll Lynch did not need money from Bank of America and AIG was still a proud insurance giant. And back ...

Reed fund not a concern: CEO

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
... ability to deliver returns after Standard & Poor's placed the fund 'on hold' due to the firm's relationship with Lehman Brothers. "[Investors should] not be concerned at all. We're confident in our ability to continue to deliver on expectations," said ...

Moral hazard remains

BENJAMIN ONG  |  WEDNESDAY, 17 SEP 2008
Volatile trading continued on Wall Street overnight as investors continued to digest the implications of the Lehman Brothers' collapse on the financial system. Equities were whipsawed, first sliding on the US Federal Reserve's decision to keep interest ...