US bank reforms point to increased regulation FT Adviser Failings in both these areas helped cause the bankruptcy or near- bankruptcy of Lehman Brothers, Bear Stearns, Northern Rock and Bradford & Bingley. … and more »
Bear Stearns Redux: Ruling Denying Chapter 15 Recognition To … Mondaq News Alerts (subscription), UK - 2 hours ago In a pair of decisions issued on August 30, 2007 (and later amended on September 5), bankruptcy judge Burton R. Lifland denied recognition of the Cayman … More: Bear Stearns Redux: Ruling Denying Chapter 15 Recognition To … [...]
Hedge Funds: The State of the Craft: June 2009 hedged.biz The bankruptcy of Bear Stearns and then Lehman Brothers in 2008, triggered a massive deleveraging of the entire arbitrage industry from hedge funds to bank …
Ajay Banga demolishes Citi’s Asia-Pac silos Euromoney Magazine, UK One of the most over-leveraged of US investment banks, Bear Stearns, was being bundled up and sold for a song to JPMorgan; another, Lehman Brothers, was but months from unwitting bankruptcy . In the UK, “bailout” was still a dirty word, …
Obama is Disastrous for the US Economy, Recession Worst is Yet to Come The Market Oracle, UK “We’re in a complete mess and the consumer is smart enough to know it,” says Davidowitz, whose firm does consulting for the retail industry. “If the consumer isn’t petrified, he or she is a damn fool.” Davidowitz, who is nothing if not opinionated (and …
Banga demolishes Citi’s Asia-Pac silos Euromoney Magazine, UK One of the most over-leveraged of US investment banks, Bear Stearns, was being bundled up and sold for a song to JPMorgan; another, Lehman Brothers, was but months from unwitting bankruptcy . In the UK, “bailout” was still a dirty word, …
The legacy of easy credit means that financial responsibility is … Creditman, UK In the US it is estimated that about 90 percent of bankruptcy can be attributed to such events. But if it occurs because someone has run up more debt than they can afford, then for many the responsibility is considered to be entirely the borrower’s. …