Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 191 - 200 of 259 results for "Lehman"

No more short cuts

MICHELLE BALTAZAR  |  FRIDAY, 19 SEP 2008
... reports 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 ...

Mahogany assesses Lehman exposure

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
... Capital 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 ...

TOWER and BNY Mellon clarify position

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
... global 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 ...

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
... present. Back 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 ...

Reed fund not a concern: CEO

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
... about its 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," ...

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 ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 17 SEP 2008
... lowest level for more than three years on Tuesday as global financial markets continued to suffer from the collapse of Lehman Brothers. In London, the FTSE 100 index's lost 178.6 points, or 3.43 per cent, to close at 5,025.60 points. FRANKFURT - Germany's ...

Market Wrap - Midday

AAP  |  TUESDAY, 16 SEP 2008
Australian stocks were weaker at noon after US shares went into freefall overnight following New York investment bank Lehman Brothers' backruptcy, the firesale of Merrill Lynch and continuing rumours about the stability of American Insurance Group. ...

Where to in global equities?

MICHELLE BALTAZAR  |  TUESDAY, 16 SEP 2008
The demise of Lehman Brothers and the rushed sale of Merrill Lynch to Bank of America are just the latest examples of the ongoing financials fallout. But does it mean the sector is now full of bargain stocks carried in the sweep? Not quite - and not ...

Lehman Bros files for bankruptcy

RUTH LIEW  |  TUESDAY, 16 SEP 2008
Lehman Brothers yesterday filed for bankruptcy in the US, and the shock effects are already reverberating around the world. According to a press statement released by Lehman Brothers, the group's board of directors has authorised the filing of the petition ...