Securities and Commodity Contracts Services

1-10 of 47 results

Lehman balance sheet massaging may not be unusual

Reuters US Online Report Business News 16 hours ago

NEW YORK (Reuters) - On Wall Street, massaging the balance sheet is a time-honored practice. But did Lehman Brothers Holding Inc <LEHMQ.PK> cross a line in the routine manipulation of its balance sheet, as described by an independent examiner? That is the ...

Lehman Brothers Bankruptcy

AP News 17 hours ago

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., testifies before the House Oversight and Government Reform Committee on Capitol Hill in Washington, on the collapse of Lehman Brothers. A report by ...

Lehman Brothers

AP News 17 hours ago

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee ...

Lehman failure 'fault of managers, banks, auditors'

AFP Global Edition yesterday

A court-appointed expert has blamed the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase. The 158-year-old bank filed for protection in September 2008 in the largest ...

Lehman failure fault of managers, banks, auditors: expert

AFP Global Edition yesterday

A court-appointed expert blamed the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase. The 158-year-old bank filed for protection in September 2008 in the largest US ...

Examiner sees accounting gimmicks in Lehman demise

Reuters US Online Report Business News yesterday

NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. In a 2,200-page report made public ...

SEC head urges Congress to act on derivatives

AP News yesterday

SEC chairman calls for Congress to put new oversight on derivatives to bring openness to swaps The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to ...

BofA retirement business winning clients: CEO

Reuters US Online Report Business News yesterday

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp's <BAC.N> push into the competitive realm of managing retirement assets is paying early dividends. The bank's retirement business is winning more 401(k) plan business from its large corporate clients in a major initiative, ...

Barclays seen on lookout for U.S. bank deal

Reuters US Online Report Business News 3 days ago

LONDON (Reuters) - Barclays <BARC.L> is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform. The British bank's shares dipped ...

Citigroup exec to join Morgan Stanley: report

Reuters US Online Report Business News 5 days ago

(Reuters) - Gary Shedlin, who was most recently chairman of Citigroup's <C.N> investment banking effort for financial institutions, focusing on client relationships, is departing to join Morgan Stanley <MS.N>, Bloomberg said citing a person with knowledge of the matter. Shedlin notified Citigroup ...

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