Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Top News

Lehman execs got millions, Congress told

Oct. 6, 2008
The now-bankrupt investment bank Lehman Bros. arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion...
Related Stories from UPI.com

Lehman CEO, other execs get subpoenas

NEW YORK, Oct. 18 (UPI) -- Lehman Brothers Chairman and CEO Richard Fuld Jr., has been summoned to talk to U.S. investigators looking into the investment firm's collapse, sources say.
Lehman's Fuld passes blame around

Lehman's Fuld passes blame around

WASHINGTON, Oct. 6 (UPI) -- Lehman Brothers Holding Inc. Chief Executive Officer Richard Fuld Jr. said regulators, the media and his own decisions contributed to the company's demise.

UBS to downsize its investment bank

ZURICH, Switzerland, Oct. 3 (UPI) -- Swiss bank UBS said Friday it would trim its investment bank workforce by an additional 2,000 workers in the wake of a global financial crisis.

U.S. investment banking era ends

WASHINGTON, Sept. 22 (UPI) -- The U.S. Federal Reserve ended an era on Wall Street Sunday, agreeing to allow two investment banks to change structure to become bank holding companies.

Court approves Lehman sale to Barclays

NEW YORK, Sept. 20 (UPI) -- Britain's Barclays Bank has been cleared by a New York bankruptcy judge to buy the core business assets of collapsed U.S. investment bank Lehman Brothers.

Germans jolted by Lehman Brothers payment

FRANKFURT, Germany, Sept. 19 (UPI) -- German officials threatened consequences for a state-owned bank that transferred $500 million to Lehman Brothers Holdings hours before it collapsed.
Money markets show signs of strain

Money markets show signs of strain

NEW YORK, Sept. 18 (UPI) -- Money market mutual funds, among the safest bets in the investment spectrum, have begun to show signs of strain, financial analysts said Wednesday.
Barclay buys parts of Lehman Brothers

Barclay buys parts of Lehman Brothers

NEW YORK, Sept. 17 (UPI) -- British bank Barclays announced it bought failed Lehman Brothers' U.S. investment banking and capital market units for just over $1 billion.

Bank of Japan injects $19B

TOKYO, Sept. 17 (UPI) -- Japan's central bank Wednesday pumped 2 trillion yen to ease global financial market disruptions caused largely by the collapse of Lehman Brothers.
Barclays may buy some Lehman Bros. assets

Barclays may buy some Lehman Bros. assets

LONDON, Sept. 16 (UPI) -- British bank Barclays said Monday it was talking with Lehman Brothers about buying some of the firm's core business assets.

Analyst: Lehman may mean lending jitters

LONDON, Sept. 15 (UPI) -- Lehman Brothers' fall jolted global financial markets, perhaps leading European banks to be reluctant to lend to each other, a global economist said Monday.
Wall Street fallout affects consumers

Wall Street fallout affects consumers

NEW YORK, Sept. 15 (UPI) -- Home mortgages shouldn't be affected by news about two U.S. investment giants but economic experts say Wall Street's woes haven't reached bottom yet.

Lehman talks sag, Merrill has buyer

NEW YORK, Sept. 14 (UPI) -- Talks aimed at rescuing Lehman Brothers Inc. investment bank were fruitless but Merrill Lynch found a buyer in Bank of America Sunday, The New York Times said.

U.S. helping Lehman without funds offered

WASHINGTON, Sept. 12 (UPI) -- U.S. regulators are pitching in to carve out a scenario for Lehman Brothers Holdings that would have the least damage to financial markets, sources said.

Feds trying to arrange Lehman sale

WASHINGTON, Sept. 11 (UPI) -- The U.S. government is trying to broker a sale of troubled investment bank Lehman Brothers, The Washington Post reported Thursday.
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch