Former London-based staff of Lehman Brothers have been handed salaries and bonuses by the defunct investment bank’s administrators close to those paid before its bankruptcy five years ago.
Credit Suisse is shuffling its asset management team, giving a bigger role to recently-hired investment chief Michael Strobaek after Gerhard Fusenig, head of multi asset-class solutions and core investment, quit for personal reasons.
Harvey Miller, the lawyer guiding Lehman Brothers Holdings through the biggest-ever U.S. bankruptcy, sipped a cappuccino at a tourist-filled cafe near Manhattan’s Central Park and reflected on how his client’s collapse five years ago went from unthinkable to inevitable.
Regulators have been laboring to shore up the money market industry, but some wonder whether cash would be safe if another banking collapse occurred.
James Leigh-Pemberton, chief executive of Credit Suisse's British arm, will be appointed the new head of UK Financial Investment on Monday, according to a Credit Suisse internal memo seen by Reuters.
The 2008 financial crisis was a 100-year storm, and no one involved in it had ever seen anything like it, former Treasury Secretary Hank Paulson told CNBC on Friday-nearly five years since the bankruptcy of Lehman Brothers.
The TARP financial industry bailout was one of the "worst decisions in the history of the United States," former Wells Fargo boss Richard Kovacevich told CNBC.
Former referee Graham Poll has called for Ashley Young to be banned for five matches.
Newcastle United manager Alan Pardew stated over the weekend that midfielder Yohan Cabaye is as important to the club as Wayne Rooney is to Manchester United.
West Ham failed to break the deadlock against Southampton - And poor delivery into the box was a key reason why.