The Wall Street Journal reports that, contrary to what former Lehman executives would have you believe, the New York Fed did give the firm the opportunity to borrow from the central bank on emergency terms on September 14th - the day Lehman filed for bankruptcy - provided it had the collateral.
Here's something we posted in the week leading up to the bankruptcy of Lehman, which gives some sense of the gossip / rumours that were swirling in the markets 2 years ago.
Here's the press release that stunned the financial markets 2 years ago.
Bloomberg reports that Lehman CEO Richard Fuld finally broke his silence Thursday, sending a memo to his staff (or what's left of them).
US examiner Anton Valukas has compiled a 2,200 page report which looks at the reasons Lehman Brothers ended up in bankruptcy in September 2008.
Bloomberg reports that the US House of Representatives Friday passed legislation that would give regulators the power to effectively ban Wall Street bonuses which are deemed to encourage excessive risk taking.
'You don't have a gun; that's good'. That's how former Lehman Brothers CEO Dick Fuld recently greeted two Reuters reporters, as they came to his home for an exclusive interview.
Here's the latest from Our Highly-Placed Professional.
The Guardian reports that 'a breakdown of communication at the highest level' between London and Washington lead to the collapse of Lehman Brothers, which, in turn, ushered in the worst banking crisis for over 80 years.
Here's something sent in by a former Lehman Brothers employee:
A U.S. judge on Friday rejected a $324.5 million settlement of a class action lawsuit filed by tech workers who accused four Silicon Valley giants including Apple and Google of conspiring to avoid poaching each other's workers.
It's good to be in demand.
'This was a baseless claim, and an unwarranted attack on our institution, our culture and values', said David Van Der Walt, the chief executive of Investec in London.