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Showing 201 - 210 of 254 results for "Bankrupt"

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 ...

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 ...

Mahogany assesses Lehman exposure

MICHAEL HOBBS  |  FRIDAY, 19 SEP 2008
Australian Securities Exchange (ASX) listed, Mahogany 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 ...

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. ...

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 ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
'This is a once in a half century, probably once in a century type of event.' (Alan Greenspan). Are we headed for a repeat of the global depression of the 1930s? This might sound too alarmist but indeed, quite a possibility as one giant US financial ...

Market Wrap - Morning

AAP  |  TUESDAY, 16 SEP 2008
Australian markets have received a strong negative lead from Wall Street, after US shares went into a freefall on Monday over financial market uncertainty revolving around the Lehman Brothers bankruptcy and the fire sale of Merrill Lynch. At 0722 AEST ...

More worries for US financials

BENJAMIN ONG  |  TUESDAY, 19 AUG 2008
It was another down day for Wall Street overnight as concerns about the financial sector resurfaced and another negative housing news overcame a drop in crude oil prices. Crude oil prices settled below US$113 a barrel last night following reports that ...

BNY Mellon taps distressed debt

RUTH LIEW  |  THURSDAY, 3 JUL 2008
Struggling telecommunication companies, bankrupt banks, airports under duress - the sub-prime crisis has increased the number of distressed debt companies, providing more opportunities for the Mellon Recovery Fund. Launched in August 2006, the Mellon ...

CalPERS may lose $947 million

RUTH LIEW  |  TUESDAY, 10 JUN 2008
The California Public Employees' Retirement System (CalPERS) may lose nearly $950 million from its investments in US housing crash-victim LandSource. CalPERS invested $947 million in US property developer LandSource, which recently filed for bankruptcy ...