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Lehman collapse: the liquidator's story

Dismantling Lehman

In the five years since 7.56am on Monday 15 September 2008, when a judge put the UK arm of Lehman Brothers into administration, Tony Lomas has been unravelling the $1.1bn (£700m) of assets and liabilities inside the collapsed bank.



Sec Building

Blackstone charged by SEC for failure to disclosure adviser benefits

The Securities and Exchange Commission has announced that three private equity fund advisers within The Blackstone Group have agreed to pay nearly $39m to settle charges that they failed to fully inform investors about benefits that the advisers obtained from accelerated monitoring fees and discounts on legal fees.


China fears spook would-be investors in IPOs

Potential investors in companies hoping to raise funds on European markets through stock market flotations have been “spooked” by fears over slowing growth in China, according to PwC, one of the largest professional services firms in the world.