Word: lehman
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...There have been other recent hassles with dollar-based trade. When U.S. financial institutions like AIG and Lehman Brothers began to disintegrate in 2008, global money markets were so roiled it became expensive for any trade to be done at all in dollars. "What precipitated [China's swap agreements] was the collapse of Lehman Brothers and the worries over trade financing at that time," says Johanna Chua, a regional economist with Citigroup in Hong Kong. "If the dollar is extremely volatile it costs more to hedge...
...tired and frustrated and bored, but on this last afternoon in March they are making light of their situation. Lauren Diamond, a victim of advertising agency layoffs shrugs as she waits in line for the games, "I'm seriously sad," she says. "But at least I'm not from Lehman Brothers...
...settlers that follow,” said Vanderbilt associate controller Kevin R. Walker, who called criticism of Harvard’s December debt issuance unfair and said the current economic crisis is a black swan. “There was tremendous uncertainty [in the fall] with Bear Stearns, Lehman Brothers, and AIG, and I don’t think anybody knew what was going to happen.”John F. Flahive, a vice president at BNY Mellon Wealth Management, which purchased $10 million of Harvard’s tax-exempt bonds, said that he does not think the bonds?...
...Dick Fuld, the stubby ring-fingered, ex-CEO who ran Lehman Brothers into the ground, suffered a black-eye, and then blamed everyone but himself...
Shafir joined Citi last October from Lehman Brothers, shortly after that firm went bankrupt. Shafir says he in no way regrets the move, and has no plans to leave Citi anytime soon. "I'm here because I want to be," says Shafir. "I am very proud of this place...