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....The investigation was into the 2007 accounts of HBOS and looked at the description of the bank as a “going concern”. The accounts were published in February 2008 – barely six months before it was taken over by Lloyds in the panic that followed the collapse of Lehman Brothers in September 2008. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 09:26:11 AM
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.... But instead of channelling resources into the more creative and productive activities needed for long-term growth, it encouraged short-term, speculative behaviour by banks, businesses, and households. That behaviour produced a gathering financial storm that began a decade ago and eventually broke with devastating force on Lehman Brothers, sending investors into a panic, bringing hard times to the high street and spreading out across the global economy. ... [Read full article on Guardian ]
Thursday 14th of September 2017 02:10:56 PM
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Latest Finance News related to Lehman Brothers

Watchdog clears KPMG in HBOS audit investigation image
Source : Guardian [Read Article] Tuesday 19th of September 2017 09:26:11 AM
....The investigation was into the 2007 accounts of HBOS and looked at the description of the bank as a “going concern”. The accounts were published in February 2008 – barely six months before it was taken over by Lloyds in the panic that followed the collapse of Lehman Brothers in September 2008. ...
End austerity – and kickstart Martin Luther King’s revolution of values | Richard Kozul-Wright image
.... But instead of channelling resources into the more creative and productive activities needed for long-term growth, it encouraged short-term, speculative behaviour by banks, businesses, and households. That behaviour produced a gathering financial storm that began a decade ago and eventually broke with devastating force on Lehman Brothers, sending investors into a panic, bringing hard times to the high street and spreading out across the global economy. ...
Slowdown in consumer credit growth spells trouble for UK economy | Phillip Inman image
....There are different ways of looking at the world’s richest people and how they have fared since the 2008 crash. A glance at the Forbes rich list reveals that the usual suspects are amassing even greater piles of wealth than when Lehman Brothers hit the buffers. ...
'They kept us stewing, then came euphoria': how to sell your business image
Source : Guardian [Read Article] Wednesday 30th of August 2017 06:00:22 AM
.... Symantec had around 100 working on the sale, while there were only four involved on MessageLabs’ side, including Chandler. The business was sold just as Lehman Brothers was collapsing and global stock markets fell. ...
Former Lloyds boss Eric Daniels sues bank for withheld bonuses image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:22:18 AM
....Sept 2005 Citizens Advice publishes Protection Racket, a report identifying the problems in the PPI market. September 2008 A £12bn takeover of HBOS by Lloyds TSB comes just days after the collapse of Lehman Brothers sent shockwaves through financial markets. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
.... Or at least that’s how it feels looking back a full 10 years to the day when I was working in the Treasury as we got the news that the French bank BNP Paribas had frozen funds exposed to US sub-prime mortgages. The crunch part of the “credit crunch” had arrived, and with it a chain of historic events that led to the first bank run in Britain in over 100 years and the collapse of Lehman Brothers just over a year later. ...
A decade after the financial meltdown, its underlying problems haven’t been fixed image
.... Local bank BNP Paribas announced it was freezing the assets of three hedge funds with heavy exposures to the US sub-prime mortgage market. A little more than a year later, after the run on Northern Rock and the bailout of Bear Stearns in the US, the full earthquake arrived in the form of the collapse of Lehman Brothers, one of Wall Street’s biggest banks. ...
'It's hard to remember how fraught it was': Mark Carney on the credit crunch image
.... “Over the summer [of 2008], I remember saying this is going to be an interesting job but I’m rather regretting I’m going to be part of the mop up exercise and I’ve missed the main crisis,” said Lord Turner. He ended up joining the City regulator in the midst of the storm unleashed by the collapse of Lehman Brothers in September 2008 and the bailout of Britain’s banks. ...
The day the credit crunch began, 10 years on: 'the world changed' image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 04:15:56 PM
....”. It took until February 2008 for Northern Rock to be nationalised and another seven months for Applegarth’s words in the autumn of 2007 – “it must be difficult for other banks too” – to appear prescient when the collapse of Lehman Brothers put every bank under the spotlight. ...
Now we find out the real cost of austerity – our lives cut short | Owen Jones image
....And yes, the combined effects of the bankers’ crash and austerity did kill in Britain. Until Lehman Brothers came toppling down, the number of men taking their own lives was steadily falling. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....”. The ONS has calculated that adjusted for inflation, UK employees are now earning £15 less a week after tax and deductions than they were in March 2008, six months before the collapse of Lehman Brothers and the global financial crisis. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
.... In 2015 Andrew Haldane, the Bank of England’s financial stability chief, suggested that not even the regulator can know what banks really own and owe because they are still allowed to hide so much off the balance sheet. It is worth recalling just how close we were to unimaginable disaster after Lehman Brothers failed in September 2008. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
....A City gent, who habitually wears high-waisted trousers and red braces, Varley became Barclays’ finance director in 2000 and chief executive in 2004. He lost out to Royal Bank of Scotland in a battle to buy Dutch lender ABN Amro – which turned out to be toxic – but snapped up the US assets of the collapsed Lehman Brothers. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....”. When adjusted for inflation, UK employees are now earning £15 less a week after tax and deductions than they were in March 2008, six months before the collapse of Lehman Brothers and the global financial crisis. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
....But the exercise might still provide valuable insight into the biggest failure in British banking history. The period in question includes the critical months between the failure of Bear Stearns in March 2008 and the full disaster that arrived with the collapse of Lehman Brothers in September of that year. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
.... Lloyds has set aside £100m to compensate 64 victims including the TV presenter Noel Edmonds but is facing questions about whether it will be enough. September 2008 A £12bn takeover of HBOS by Lloyds TSB comes just days after the collapse of Lehman Brothers sent shockwaves through financial markets. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
....US senators introduce 'new' legislation to separate banks. But the odds of anything happening this year are low, according to Larry McDonald the author of A Colossal Failure of Common Sense, a book about the collapse of Lehman Brothers. ...
Inflation is only going one way. Let's hope interest rates don't follow | Larry Elliott image
.... The lack of credit stopped the economy in its tracks. The story of how RBS and HBOS teetered on the brink of disaster after the collapse of Lehman Brothers in the autumn of 2008 is by now familiar. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
....He joined Barclays in 1996, having worked in senior roles at Credit Suisse First Boston and Morgan Stanley International. As the global financial system teetered on the brink in 2008, Mr Diamond won praise for his role in the successful and profitable takeover of the US operations of Lehman Brothers. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
.... According to the 2015 report, HBOS took £52bn in charges for bad debts and poor investments between 2008 and 2011 – more than RBS. When the HBOS deal was announced in the febrile atmosphere that gripped global stock markets in the days after Lehman Brothers collapsed in September 2008, it was known that the lender was in trouble but it initially looked as if the cards were stacked in the favour of the Lloyds management. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
.... McHenry’s argument is that US banks have been “unfairly penalised” by these “secretive” international forums. It’s astonishing that a legislator from the country that inflicted Lehman Brothers on the world could be so critical of international efforts, with the US in the vanguard, to improve banking safety. ...
Globalisation once made the world go around. Is it about to grind to a halt? image
.... In recent years the losers have increased in number – and become more vociferous. Moreover, it is not entirely true that countries have maintained a commitment to free trade since the collapse of Lehman Brothers in 2008 triggered the worst recession since the 1930s. ...
Mark Carney signals Bank of England may raise forecast for UK economy image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:34:33 PM
....20. Carney was quizzed by MPs about the forecasting record of the Bank following remarks last week by Threadneedle Street’s chief economist, Andy Haldane, in which he described the collapse of Lehman Brothers as the economics profession’s “Michael Fish moment” – the UK weather forecaster who in 1987 failed to predict a gigantic storm coming. ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
.... To the untrained eye, the dramatic increase in spending using credit cards and loans might appear to prefigure a disaster of epic proportions. Excessive consumer debt played a big part in the collapse of Northern Rock, and looking back, this landmark banking disaster appears to have been the harbinger of an even bigger catastrophe when, a year later, Lehman Brothers fell over. ...
Obama's labour market report card: not bad, could have done better image
Source : Guardian [Read Article] Friday 6th of January 2017 03:17:51 PM
.... The world’s biggest economy was in freefall when he arrived in the White House in early 2009. Lehman Brothers had gone bust six weeks before the November 2008 presidential election and the Federal Reserve had taken emergency action to stimulate growth as fears grew that the clock was about to be turned back to the 1930s. ...
Chief economist of Bank of England admits errors in Brexit forecasting image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:52:01 PM
....Blaming the failure of economic models to cope with “irrational behaviour” in the modern era, the economist said the profession needed to adapt to regain the trust of the public and politicians. Haldane described the collapse of Lehman Brothers as the economics profession’s “Michael Fish moment” (a reference to when the BBC weather forecaster predicted in 1987 that the UK would avoid a hurricane that went on to devastate large parts of southern England). ...
UK credit binge approaching levels not seen since 2008 crash image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:41:55 PM
....2bn, picking up pace on the previous month to grow at its fastest rate in more than 11 years. In September 2008, the month that Lehman Brothers collapsed and the banking crash triggered a worldwide recession, the level of UK consumer credit debt hit a peak of £208bn. ...
Banking standards: treacherous political waters lie ahead image
Source : Guardian [Read Article] Wednesday 28th of December 2016 09:21:01 AM
.... Since the 2008 crisis, many countries, while ostensibly supporting the development of tighter global rules, have been taking other measures to protect their own financial systems. The collapse of Lehman Brothers and others showed, in the former Bank of England governor Mervyn King’s memorable phrase, that big banks are “global in life, but national in death”. ...
Pensions Regulator fires BHS warning shot with £255m Coats Group deal image
Source : Guardian [Read Article] Friday 16th of December 2016 05:47:42 PM
.... Green owns Topshop alongside the US private equity firm Leonard Green. TPR’s previous largest settlement was a £184m lump sum payment it won for the Lehman Brothers pension scheme after the collapse of the investment bank. ...
Black Friday night’s all right for fighting image
Source : Guardian [Read Article] Sunday 20th of November 2016 07:00:30 AM
.... In fact, he doesn’t really try to predict at all. El-Erian previously talked about the possibility of wins for both the Leave camp and a Trump win – while there is a nice anecdote about Pimco diligently preparing for potential doom scenarios before Lehman Brothers’ demise – no matter how unlikely some seemed. ...
We are living in a depression - that's why Trump took the White House image
Source : Guardian [Read Article] Sunday 13th of November 2016 03:29:04 PM
.... The process of understanding why Donald Trump is now heading for the White House starts with the correct description of what has happened in the eight years since Barack Obama became president. Some economists call the turbulent period that followed the collapse of Lehman Brothers the Great Recession. ...
Experts get it wrong again by failing to predict Trump victory image
Source : Guardian [Read Article] Wednesday 9th of November 2016 02:41:02 PM
.... In 2008, the advanced countries all fell into a recession that the field of economics, and every government and central bank, had failed to anticipate. It is clear from the minutes of its meeting of 16 September, two days after the failure of Lehman Brothers, the Federal Reserve still had not spotted that the US economy had entered a major recession nine months earlier in December 2007. ...
Sounds far-fetched image
Source : BBC [Read Article] Monday 7th of November 2016 12:10:30 AM
....Using his own funds to launch the business, Mr Neves says that although it was difficult to attract his first client, "when one signed up it convinced the rest to follow". Trouble soon arrived, however, in the form of the global financial crisis, with US banking group Lehman Brothers collapsing just two weeks after Farfetch's launch. ...
Under pressure image
Source : BBC [Read Article] Thursday 29th of September 2016 10:58:59 PM
....For one, there are now regulatory regimes in place, which mean that various bondholders and large depositors would suffer a haircut to help shore up the bank's balance sheets. Additionally, the long shadow cast by the collapse of Lehman Brothers has left world leaders with little appetite for allowing another large lender to hit the buffers. ...
Major Singapore bank to suspend lending for London properties over EU leave vote image
....Britain’s decision to leave the EU has sent shockwaves around the world, hitting global markets in the immediate aftermath of the result and putting policymakers on high alert for a renewed economic downturn. International banks are once again under the spotlight following the deep financial crisis that erupted in 2008 when the collapse of US investment bank Lehman Brothers brought the global economy to the brink. ...
Singapore bank halts lending for London properties over Brexit vote image
Source : Guardian [Read Article] Thursday 30th of June 2016 08:03:06 AM
....Britain’s decision to leave the EU has sent shockwaves around the world, hitting global markets in the immediate aftermath of the result and putting policymakers on high alert for a renewed economic downturn. International banks are once again under the spotlight following the deep financial crisis that erupted in 2008 when the collapse of US investment bank Lehman Brothers brought the global economy to the brink. ...
Brexit: Bank of Japan urged to free up cash for Japanese companies in UK image
Source : Guardian [Read Article] Wednesday 29th of June 2016 03:06:27 AM
....47bn in its regular dollar-supplying operation. That was far more than its last operation before Britain’s vote, but far less than the tens of billions of dollars supplied in operations after the 2008 collapse of Lehman Brothers. ...
The global order is dying. But it’s an illusion to think Britain can survive without the EU image
....You cannot project the story of the past three days into the next three years, but the pattern is chilling: cancelled orders, cancelled contracts, the potential exclusion of UK universities from multibillion European health and science projects. Since Lehman Brothers collapsed, it has been obvious that if we want to save globalisation, we have to ditch neoliberalism. ...
Firms plan to quit UK as City braces for more post-Brexit losses image
Source : Guardian [Read Article] Sunday 26th of June 2016 09:40:25 PM
....Jonathan Hill, who resigned as EU commissioner for finance, told the Financial Times that the City should be ready to have rules imposed upon it by eurozone countries. Analysts said that Brexit should not spark the chaos which followed the collapse of Lehman Brothers in September 2008. ...
US stock market and Brexit: a toxic blend of uncertainty and complacency image
.... That, in turn, may damage an already fragile global economy and hamper the earnings outlook for US companies. “For now, I’m characterizing this as a shock rather than a Lehman Brothers-like event that precipitates a major collapse,” says Jeff Kleintop, chief global investment strategist at Schwab. ...
Brexit is a rejection of globalisation image
Source : Guardian [Read Article] Sunday 26th of June 2016 10:41:12 AM
.... One conclusion from the 9/11 attacks on New York and Washington in September 2001 was that it was not only trade and financial markets that had gone global. The collapse of the investment bank Lehman Brothers seven years later put paid to the idea that the best thing governments could do when confronted with the power of global capital was to get out of the way and let the banks supervise themselves. ...
FTSE 100 and sterling plunge on Brexit vote image
Source : Guardian [Read Article] Friday 24th of June 2016 07:11:50 AM
....Shares plunged and the pound plummeted to a 31-year low as panicked traders reacted to the UK’s vote to leave the EU and the prospect of recession amid months of market turmoil. The FTSE 100 tumbled more than 8% within the first few minutes of trading on Friday, its biggest fall since the collapse of the US investment bank Lehman Brothers in 2008. ...
Pound slumps to 31-year low following Brexit vote image
Source : Guardian [Read Article] Friday 24th of June 2016 06:55:05 AM
.... The precious metal, a long-time favourite investment in uncertain times, soared as much as 7% at one point. The pound’s fall, which stunned investors, was its biggest ever one-day fall, and ranked with the reaction to the collapse of Lehman Brothers in 2008 and Britain’s exit in 1992 from the European exchange rate mechanism on Black Wednesday. ...
Bank of England in preparations for potential Brexit image
Source : Guardian [Read Article] Sunday 5th of June 2016 02:44:02 PM
.... He's done nothing wrong. In a repeat of the close scrutiny that took place during the turmoil that followed the collapse of Lehman Brothers, it is likely that individual banks will set up more regular reports for senior management about whether they are seeing big outflows from big companies and wealthy foreigners. ...
Brexit forecasters miss everything that matters to real voters image
Source : Guardian [Read Article] Sunday 5th of June 2016 10:39:29 AM
.... Not one of these three august bodies was capable of predicting the 2008 crash – the biggest economic crisis in living memory – even when it was staring them in the face. In October 2008, a few weeks after the collapse of the US investment bank Lehman Brothers, the IMF published its half-yearly forecast for the world economy. ...
Why financial regulators are always fighting the last war image
Source : Guardian [Read Article] Wednesday 18th of May 2016 01:39:15 PM
.... And, like bank deposits, the funds are potentially subject to a run if a large number of people try to withdraw their money at the same time. On 16 September 2008, a few days after the run on the US bank Washington Mutual began and the day after the Lehman Brothers bankruptcy was announced, a major United States money market fund, Reserve Primary Fund, which had invested in Lehman debt, was in serious trouble. ...
How £14m investigation snared Deutsche Bank insider trading ring image
Source : Guardian [Read Article] Thursday 12th of May 2016 12:35:03 PM
....Dodgson had been a well known figure in the City since he had advised the government on its stakes in the Royal Bank of Scotland and Lloyds Banking Group taken as a result of the credit crunch. A graduate of Lancaster University with a first class degree in economics, he was a corporate broker at Deutsche Bank and had previously worked at Morgan Stanley and Lehman Brothers – meaning he was privy to large amounts of price-sensitive information about companies whose shares were listed on the London Stock Exchange. ...
Former Deutsche Bank boss guilty of insider dealing image
Source : Guardian [Read Article] Monday 9th of May 2016 06:12:48 PM
....A former adviser to Sir Philip Green, along with a one-time managing director of Deutsche Bank, have been found guilty of insider dealing in one of the UK’s most high-profile cases. Eight years after the investigation began, Andrew Hind, 56, ex-finance director at Topshop, part of Green’s Arcadia Group, and his friend Martyn Dodgson, 44, who used to work in corporate broking at Deutsche and Lehman Brothers, were both convicted following a 12-week trial at Southwark crown court. ...
Housing market bubble BURSTING: Top prices tumble AGAIN sparking fears of CRASH image
....This is the lowest rate in six and a half years and means annual growth has been below five per cent for 16 consecutive months. Tom Bill, head of London residential research at the agent, said: "To put that into perspective, annual growth did not exceed five per cent for 17 months in the period preceding and following the collapse of Lehman Brothers. ...
The Guardian view on the state and the market: the end of ‘hands-off’ economics | Editorial image
.... “Not just a light touch but a limited touch” was the mantra at one time. But that doctrine’s decline really began with the collapse of Lehman Brothers, and all the bailouts, government guarantees and taxpayer buy-ups which became necessary in its wake. ...
The Guardian view on the state and the market: the end of ‘hands-off’ economics | Editorial image
.... “Not just a light touch but a limited touch” was the mantra at one time. But that doctrine’s decline really began with the collapse of Lehman Brothers, and all the bailouts, government guarantees and taxpayer buy-ups which became necessary in its wake. ...
What is the Pension Protection Fund and will BHS sink it? image
Source : Guardian [Read Article] Monday 25th of April 2016 04:50:59 PM
.... But it will inevitably involve lengthy court actions. In 2014, after a six-year legal battle, the pensions regulator won a £184m case involving nearly 2,500 former Lehman Brothers bankers based in the UK. ...
Savers are being tempted by complex 'structured products' image
Source : Daily Express [Read Article] Wednesday 20th of April 2016 03:01:00 PM
....4billion invested between 1997 and 2004, £5billion was lost. This sector suffered another shock after the financial crisis with the collapse of products by Keydata Investment Services, Arc Capital & Income, NDFA and DRL, whose capital guarantees were underpinned by doomed Wall Street investment bank Lehman Brothers. ...
The bad smell hovering over the global economy image
Source : Guardian [Read Article] Sunday 17th of April 2016 11:00:54 AM
.... The underlying softness of the global economy, however, means that it is quite easy to envisage a downturn in 2017, the 10th anniversary of the start of the financial crisis. In those circumstances, the unconventional would quickly become conventional, as it did after the collapse of Lehman Brothers. ...
Property crash fears as London loses its lure for foreign buyers image
Source : Daily Express [Read Article] Thursday 14th of April 2016 04:55:00 PM
....8 per cent in the year to March, top estate agent Knight Frank warned. The last time returns were this low was in 2009 - five months after the collapse of Lehman Brothers. ...
From boom to doom – the IMF paints a vastly different picture from 2006 image
.... Its flagship half-yearly World Economic Outlook expected activity to keep humming along. It saw no sub-prime crisis, no collapse of Lehman Brothers, no Great Recession. ...
Nomura to downsize Europe equity unit image
Source : BBC [Read Article] Tuesday 12th of April 2016 06:54:02 AM
....Banks such as Credit Suisse, RBS and HSBC have cut jobs and either shut or sold non-core business units in recent years. Nomura had looked to bolster its brand overseas by purchasing Lehman Brothers' European and Asian operations after the US investment bank went under in 2008. ...
Greybull Capital: what we know about the Tata Steel Scunthorpe buyer image
Source : Guardian [Read Article] Monday 11th of April 2016 06:40:20 PM
....The single-page website of Greybull Capital LLP, headquartered in Knightsbridge, central London, gives little away, but its directors insist that they are “long-term investors” and that the reputation it acquired – after the collapse of the electrical goods retailer Comet – as a secretive firm looking for a kill is misplaced. Greybull was founded in 2008 by Nathaniel and Marc Meyohas, the wealthy French-born brothers, along with family friend Richard Perlhagen – a former Lehman Brothers banker, like Nathaniel – to invest the family fortune. ...
Tata Steel deal saves 4,400 jobs in UK image
Source : Guardian [Read Article] Monday 11th of April 2016 10:53:20 AM
....“This means supporting steelworkers by ensuring infrastructure such as HS2 and defence projects are built with British steel, as well as tackling the dumping of cheap imports and high energy costs, which is leaving steelworkers fighting with one hand tied behind their backs,” Unite said. Founded by former Lehman Brothers investment banker Nathaniel Meyohas, Greybull has previously invested in charter airline Monarch and high street electricals retailer Comet. ...
Protectionism was a mistake 80 years ago. Is the world now set to repeat it? image
.... This was done through a series of trade negotiations that, from the late 1940s, gradually lowered tariffs on manufactured goods. But the last round of global talks – in Uruguay – was completed more than 22 years ago, and it proved impossible to broker a new all-embracing deal even before the shock caused by the collapse of Lehman Brothers. ...
Only structural reform can halt Europe’s emerging bubbles image
Source : Guardian [Read Article] Tuesday 29th of March 2016 07:57:35 AM
....Related: Young people are right to be angry about their financial insecurity. Of course, when the financial crisis erupted in full force in 2008, following the collapse of the US investment bank Lehman Brothers, the ECB’s interventions were justified. ...
Safety first, says the PM, but the EU puts money and people at risk image
Source : Telegraph [Read Article] Friday 26th of February 2016 10:00:42 PM
.... When the planes hit the Twin Towers in New York on September 11 2001, we at last understood that a fanatical ideology which wanted to kill us had been loosed upon the world. When Lehman Brothers, also in New York, collapsed almost exactly seven years later, we realised that the banking system on which we relied could fall almost as quickly as those burning skyscrapers. ...
Bank of England chief accuses G20 of failing to reform to boost growth image
Source : Guardian [Read Article] Friday 26th of February 2016 12:05:06 AM
....”. The BIS was one of the few organisations to warn during 2006 and 2007 about the unstable levels of bank lending that eventually led to the Lehman Brothers crash. ...
European banks fail to sell Coco bonds image
Source : BBC [Read Article] Sunday 21st of February 2016 02:52:16 PM
....Cocos are seen as riskier than traditional bank bonds because they offer lenders less security. "European Banks Coco Bond Sales 2016: €0bn; 2015: €45bn; 2014: €46bn; 2013: €27bn; 2012: €5bn," tweeted Lawrence McDonald, a financial consultant and former Lehman Brothers executive. ...
Central bankers on the defensive as weird policy becomes even weirder image
Source : Guardian [Read Article] Sunday 21st of February 2016 02:00:28 PM
The banking reform agenda has descended into a confused and counter-productive mess image
.... . It’s depressing that more than seven years after the collapse of Lehman Brothers, we should still be wrestling with these matters, but as often happens after a crisis, the regulatory crackdown is in danger of becoming a bigger problem than the one it was meant to be addressing. ...

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