Here's a selection of comments from financial markets professionals and their like in the wake of Monday's announcement by Lehman Brothers of a likely $2.8bn second-quarter loss, and the capital injection of $6bn it now seeks.
Not that Lehman is for sale at the moment (as far as we know).
Here's an oldie, but goodie.
Here's a old goodie back by popular demand.
Lehman Brothers came out Monday and said that it expects to post a $2.8bn second-quarter loss. The firm also said that it will raise $6bn in capital by way of a public offering. Here's an edited version of the press release:
Swiss newspaper Sonntag reports that, according to unnamed sources, UBS is looking at posting a second-quarter loss of up to $3.9bn. Thus would be the firm's third quarterly loss in a row.
The Independent reports that Barclays Capital is cutting around 100 staff. According to the newspaper, the firm held meetings with every member of its UK leverage finance unit last week to advise them what the future looked like. 20 of the 90-person unit are thought to have been axed. 80 staff in IT are also understood to have been told that they are now surplus to requirements.
We are on the lookout for the longest servicing employee still working in the financial markets.
Here's a selection of comments we received on Wednesday's appeal for sanity and the survival of Lehman Brothers.
Here's a selection of the comments we received on the letter sent in by our IT contractor reader, who was miffed that his pay was being cut.
Mind the language, Jamie.
The things you find out about Wall Street's finest....
U.S. Federal authorities are using taped phone conversations to build criminal cases related to the multibillion-dollar trading loss at JPMorgan Chase, focusing on calls in which employees openly discussed how to value the troubled bets in a favorable way.