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Showing 181 - 190 of 260 results for "Lehman"

Main Street is burning

BENJAMIN ONG  |  TUESDAY, 18 NOV 2008
Wall Street was at first content to wait while the G20 Generals fiddle but Citigroup's announcement of a 53,000 reduction in its workforce brought home the point that Main Street is roasting. After initially fluctuating between both sides of zero, the ...

October mourn

BENJAMIN ONG  |  MONDAY, 3 NOV 2008
... per cent and the deposit rate at 3.6 per cent. China began cutting rates last 15 September this year - the same day that Lehman Brothers filed for bankruptcy. Taiwan's central bank cut its discount rate by 25 bps to 3 per cent - the third in a span of ...

Large instos to move admin in-house

MICHAEL HOBBS  |  FRIDAY, 17 OCT 2008
... requirement to have up to date information on underlying investment holdings has become even more important after the collapse of Lehman Brothers and other implicated firms. "When companies try and get the complete exposure to Lehman's. Companies will ...

Neuberger Berman pledges money guarantee

RUTH LIEW  |  THURSDAY, 9 OCT 2008
Lehman Brothers subsidiary Neuberger Berman Management has put up its hand to be a part of the US Treasury Temporary Guarantee Program for Money Market Funds. The trustee board of bankrupt Lehman Brothers' asset management arm, along with all other ...

No more parachute payments

MICHELLE BALTAZAR, MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
... within the Dexia Group," said Miller in a statement. Miller's decision is in sharp contrast to the response elsewhere. Lehman signed off around US$20 million in pay for departing executives just weeks before the company filed for bankruptcy. The group's ...

PE firms gobble Lehman Bros AM

RUTH LIEW  |  WEDNESDAY, 1 OCT 2008
Neuberger Berman, a subsidiary of the now defunct Lehman Brothers, along with a huge slice of the parent company's asset management business has been sold for $2.7 billion to private equity giants Bain Capital Partners and Hellman & Friedman. The transaction ...

Fortis bank $19.5bn bail-out 'stabilises' FIA

MICHELLE BALTAZAR  |  MONDAY, 29 SEP 2008
... (11.2 billion Euro) rescue package to save the bank from following the collapse of its US banking counterparts such as Lehman Brothers. Belgium's Prime Minister Yves Leterme also said in international media reports that the savings of the bank's deposit ...

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
... flow-on 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 ...

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 ...