Word: lehman
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Dates: during 2000-2009
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...declines come after investment bank Lehman Bros. filed for bankruptcy and Bank of America reached a deal to acquire Merrill Lynch. The biggest worry of Asian investors, however, isn't so much the stability of Asia's own financial system. For the most part, Asian banks and securities firms have not suffered the mortgage and property losses of their U.S. counterparts. Asia's financial institutions have become more conservative in recent years, having learned their lessons from past speculative investments in assets such as office blocks and shopping malls during the Asian financial crisis that began in 1997. Several Japanese...
...traumatic day for financial firms - Lehman Bros. declared bankruptcy, Bank of America swallowed Merrill Lynch, and AIG scrambled to prevent becoming the next casualty. What does it all mean to you? Here are some questions worried investors and homeowners might be asking...
...What if I have investment accounts at Lehman Bros...
...your money, not theirs. When Lehman Bros. filed for bankruptcy on Monday, it was careful to spell out that its investment management division - including Neuberger Berman and Lehman Brothers Asset Management - were not subject to the parent company's bankruptcy filing. Fully paid securities of customers of Neuberger Berman are not subject to the claims of creditors...
...official: Lehman Brothers filed the largest bankruptcy case in history on Monday, Sept. 15, as the storied investment bank fell prey to the credit crisis. According to Bankruptcydata.com, Lehman's assets before filing for bankruptcy were six to seven times the pre-filing assets of the second largest bankruptcy since...