Oct 13th, 2008 · There is a growing consensus that if the current crisis has a proximate cause it is Treasury's decision to let the Wall Street investment firm Lehman Brothers go under. The effects of letting the investment bank collapse are still rippling around the world.
Oct 6th, 2008 · Even as the company was heading toward collapse, executives at Lehman Brothers were being awarded millions in bonuses and special payments. Lehman CEO Richard Fuld has told Congress he feels "horrible" about the way the company imploded.
Sep 19th, 2008 · Investment bank Lehman Brothers will soon be divided up and sold. British bank, Barclays is set to purchase Lehman's broker-dealer operations as well as its New York headquarters and New Jersey data centers. That leaves Lehman's commercial real estate assets, private equity investments and hedge fund investments.
Sep 17th, 2008 · The Lehman Brothers bankrupty is having a ripple effect on a well-known money market fund. Individual investors could unexpectedly lose money they invested in the fund. The fund's share value declined below $1 a share largely because Lehman debt securities that it owned are now valued at zero.
Sep 17th, 2008 · The British bank Barclays agreed Wednesday to acquire Lehman Brothers' North American investment banking and capital markets businesses for $250 million in cash. Lehman filed for bankruptcy protection Monday after it was unable to find financing or fresh capital to shore up its balance sheet amid the continued downturn in the credit markets.
Sep 17th, 2008 · Renee Montagne has today's Last Word in business.
Sep 16th, 2008 · The financial fallout continues on Wall Street, with Lehman Brothers in crisis and Merrill Lynch in danger. Money Coach Alvin Hall and NPR's Adam Davidson explain details of the crisis, and what consumers can expect moving forward.
Sep 16th, 2008 · Wall Street lost more than 500 points Monday reacting to the bankruptcy of Lehman Brothers and the sale of Merrill Lynch. It was the worst loss since the Sept. 11attacks. Adding to the misery is insurance giant American Insurance Group, which is facing serious trouble.