Lehman Brothers' estate has dropped its $11 billion (£7 billion) legal action against Barclays over what it had claimed was the "sweetheart" deal which saw the British bank buy Lehman's North American business for a knock-down £1 billion in 2008... more
It is easy to forget that there were meant to be three legs to banking reform and a resolution regime popularly known as living wills, which would mean that if something did go wrong banks could be wound down in an orderly fashion... more
Lehman Brothers will ask a bankruptcy judge to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in US history... more
Lehman Brothers, in response to $22 billion in derivatives claims from about 30 financial institutions after its 2008 collapse, estimates that the figure would be only about $10 billion... more
PricewaterhouseCoopers has been paid fees of £322million for its work on the collapse of Lehman Brothers' European arm, a sum thought to be the largest ever earned from any single UK corporate failure... more
Jeremy Isaacs, the former head of Lehman Brothers' operations in Europe and Asia, speaks for the first time about the bank's collapse, saying it was "a big mistake to let it go"... more
A US judge throws out an $11 billion (£7 billion) lawsuit against Barclays brought by the bankruptcy trustee charged with clearing up the collapse of Lehman Brothers... more
Lehman Brothers Holdings proposes a new plan for dividing billions of dollars among its creditors and offered a bigger payment to bondholders - as long as they back the proposal
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JPMorgan Chase is countersuing Lehman Brothers, saying the bankrupt US investment bank misled it into lending more than $70 billion in the belief it would be repaid in full... more
Nomura, the Japanese brokerage which bought Lehman Brothers’ London operations, says its quarterly net profit dropped 96% as it struggles to make money from trading and underwriting fees amid the stock market slump... more
So, as Goldman Sachs bids farewell to one of its biggest rainmakers of the past decade — Simon Dingemans, who is joining GlaxoSmithKline — City Spy wonders how confident the Fleet Street investment bank now feels about winning juicy future contracts with the Lib-Cons... more
A vice-president of failed bank Lehman Brothers was made redundant while on maternity leave because administrators only wanted staff “who were there”, an employment tribunal hears... more
Barclays Capital boss Bob Diamond launches his robust defence against allegations his bank got an unfair windfall when it bought parts of the collapsed Lehman Brothers... more
Barclays Capital boss Bob Diamond launches his robust defence in a US courtroom against allegations his bank got an unfair windfall worth billions of dollars when it bought parts of the collapsed Lehman Brothers... more
Former Lehman Brothers boss Dick Fuld says he has “absolutely no recollection” about an accounting technique a bankruptcy examiner says the bank used to mask its perilous financial condition... more
Comment: In Carluccio’s the price of a meal is relatively low, but turnover is high. At Prezzo they charge a bit more but rely on customers eating at traditional hours. Which is the better investment?
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Leading City law firm Linklaters gave failed US investment bank Lehman Brothers the legal go-ahead to use a complex series of deals to keep
$50 billion (£32.9 billion) of liabilities off its balance sheet... more
As rumours swirl that JP Morgan could yet pull out of building its new HQ at Canary Wharf, word reaches City Spy that the owner of Cazenove may still be tempted by a move east... more
Hedge funds and other big investors are set to regain $11 billion (£6.6 billion) which was frozen by administrators of Lehman Brothers’ London-based European business, if over 90% approve a new asset repayment plan... more
Hedge funds and other big investors told to expect even more delays before getting back the $16 billion worth of assets they had tied up with the Lehman Brothers’ London-based European business... more
Afternoon:
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