Lehman Brothers

HSBC and JPMorgan Chase Must Increase Their Cash Reserve According to New Rule

When Lehman Brothers collapse in 2008, it created a global economy setback. Global financial authorities work hard to prevent it from recurring. Now, they introduced new rules for the world's biggest banks to increase their cash reserve and avoid taxpayers bailouts.

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FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal

The Financial Conduct Authority banned Weaving Capital (UK) Ltd. Founder Magnus Peterson from working in the financial industry as part of a closure in one of the biggest scandals in the country.

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Stifel in lead to buy Barclays' U.S. wealth unit - sources

Investment bank Stifel Financial Corp (SF.N) is in advanced negotiations to acquire Barclays Plc's (BARC.L) U.S wealth management unit, according to three people familiar with the situation.

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Russian central bank buys up domestic gold output as sanctions bite

Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.

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Barclays index business auction hits snag- sources

Barclays Plc's (BARC.L) auction of its index business, which includes the widely used Barclays U.S. Aggregate Bond Index, has hit a snag, after would-be buyers realized some crucial bond pricing data that does not belong to the British bank will not be part of the package, two people familiar with the situation said.

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Banks accept derivatives rule change to end 'too big to fail' scenario

The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.

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National Stock Exchange to be bought by Lehman ex-CEO, OpenMatch: WSJ

Former Lehman Brothers Holdings Chief Executive Officer Richard Fuld Jr. and OpenMatch Holdings are involved in a deal to buy the Jersey City-based National Stock Exchange (NSX), the Wall Street Journal reported, citing people familiar with the matter.

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Retirement insecurity: Two studies underline housing and income challenges

Monday marks the sixth anniversary of the bankruptcy filing of Lehman Brothers, a key event in the Wall Street meltdown that led to the Great Recession. The recession wreaked havoc on the retirement plans of millions of Americans, and two studies released last week suggest that most of us haven't recovered well.

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Mercedes welcome Ecclestone trial settlement

Formula One needs a strong leader and Bernie Ecclestone's $100 million court settlement to end a bribery trial in Germany is positive for the sport's future, Mercedes motorsport head Toto Wolff said on Saturday.

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Hedge funds learn to identify debt crisis after Lehman Brothers collapse - report

Managers of hedge funds said to Reuters the worry over the US government defaulting on its debt payments was not as dire as they had experienced during the days leading to the collapse of financial services firm Lehman Brothers.

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Lehman Brothers Australian creditors approve insurance payment plan

Lehman Brothers' Australian creditors had approved a proposed insurance payment plan that allowed the company to receive around USD48 million.

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Anti-Wall Street sentiment persists- poll

A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.

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Hedge funds set to make money as Lehman Brothers makes full payout

Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.

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US SEC denies rejecting settlement over money fund

The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.

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IRS suggests reform to US$2.6 trillion money market fund industry

The IRS proposed reform for the money market fund industry is set to tackle tax matters.

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