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N.Y. Fed Holds Emergency Talks on Lehman Future

Sep. 13, 2008
NEW YORK, Sept. 12 -- Senior federal officials met last night with leading Wall Street executives to discuss the potential sale of ailing investment bank Lehman Brothers and review how an acquisition could affect those doing business with the firm, according to sources familiar with the discussions.
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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.
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.

BOJ leaves interest rate unchanged

TOKYO, Sept. 17 (UPI) -- Japan's central bank Wednesday left its key interest rate unchanged at 0.5 percent, following a similar decision by the U.S. Federal Reserve.

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.

Fed expands lending programs

WASHINGTON, Sept. 15 (UPI) -- The U.S. Federal Reserve Bank said Monday it will expand two lending programs following market upheavals, including the collapse of a major investment bank.

Economist calls for Fed rate cut

LEXINGTON, Mass., Sept. 15 (UPI) -- Global Insight's chief U.S. financial economist called for an emergency cut in federal lending rates in response to the fall of Lehman Brothers Holdings.

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.

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.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler