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KPMG cleared in HBOS audit investigation

Dog Detective

KPMG has been cleared of any wrongdoing over its auditing of HBOS, which was rescued by Lloyds during the height of the 2008 crisis, after accounting regulators concluded the accountancy firm could not have foreseen the bank’s problems.


Calendar Close Up

12 years for $96m Ponzi schemer

Instead of putting investors’ money in a mix of mutual funds and hedge funds, the duo paid partial redemptions to previous owners and funneled it into Panoramic View, a 117-unit Montauk resort.

Richard Fuld

How the 'Legend' of Richard Fuld began

There's an old anecdote about former Lehman CEO Dick Fuld that's been doing the rounds for years, but has resurfaced in Vicky Ward's excellent 'Devil's Casino - Friendship, Betrayal, & The High Stakes Games Played Inside Lehman Brothers'.

Lehman Brothers Headquarters New York

Lehman Brothers - A Brief History

In 1844, 23-year-old Henry Lehman, the son of a cattle merchant, emigrated to the United States from the town of Rimpar, in the German state of Bavaria. He settled in Montgomery, Alabama, where he opened a dry goods store, 'H. Lehman'. In 1847, following the arrival of Emanuel Lehman, the Firm became 'H. Lehman and Bro'. With the arrival of their youngest brother, Mayer Lehman, in 1850, the Firm changed its name again and 'Lehman Brothers' was founded.