Word: lynch
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
There's been talk of a potential failure of Lehman Bros. for months, and the investment bank already had a near-death experience in 1998. Merrill Lynch has been labeled takeover bait for two decades. Insurers do go under from time to time...
...throw together the collapse of Lehman - the biggest-ever U.S. bankruptcy - the lightning takeover of Merrill Lynch by Bank of America, concerns that giant insurer AIG is now on the brink as well, and a financial crisis that has been rolling along for more than a year now, and you get a day that will be enshrined in the history books. Whether it will go down as an economy-shattering debacle or a near miss is something we'll only figure out over the coming days and weeks. The initial reaction of U.S. stock markets - down sharply but far from...
...struggling Lehman Bros. collapsed in the face of government resistance to any kind of bailout and the refusal of all potential purchasers (UK-based Barclays was reportedly the one that came closest to making an offer) to sign a deal without government backing. With Lehman headed for bankruptcy, Merrill Lynch was the next- most-vulnerable-looking Wall Street firm, so its CEO, John Thain, quickly inked a $29 a share sale to Bank of America that values Merrill at $50 billion. Meanwhile, AIG asked the Federal Reserve for a $40 billion loan to tide it over - a loan it seems...
...Serbian authorities in a Belgrade suburb last month. He's already filed a number of complaints to judges, challenging everything from the way he was arrested to the language of the court documents he receives. He says there's no way he'll get a fair trial given the "lynch atmosphere" in the media. He wants his case dismissed. He's also asked judges to order former Balkans envoy Richard Holbrooke to The Hague to testify about an alleged deal he says the diplomat made with him: immunity from prosecution in return for leaving public life. Holbrooke denies there...
...east of the City in recent years, is already home to Citigroup, HSBC and Bank of America. And on Aug. 1, JPMorgan ditched plans to build its European headquarters in the City in favor of a development across town in Canary Wharf. (Rivals Goldman Sachs and Merrill Lynch remain in the City, though...