TITLE

Untitled

AUTHOR(S)
Flinders, Karl
PUB. DATE
September 2008
SOURCE
Computer Weekly;9/23/2008, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article highlights the impact of credit crunch towards global banking sector in Europe. The author stated that some of the casualties of credit crunch include the bankruptcy filed by Lehman Brothers and the acquisition of investment bank Merill Lynch by Bank of America for $50 million. Meanwhile, accountancy firm Pricewaterhousecoopers (PwC) has been named administrator for Lehman Brothers' European headquarters in London.
ACCESSION #
34796404

 

Related Articles

  • Run on Reserve Fund As NAV Breaks Buck. Barney, Lee // Money Management Executive;9/22/2008, Vol. 16 Issue 36, p1 

    The article reports on the reactions raised by the investors on Lehman Brothers Holdings Inc.'s bankruptcy in the U.S. Investors from the Reserve's Primary Fund were concerned about the fund's exposure to the bank's commercial paper and medium-term notes. According to Crane Data, Primary Fund's...

  • Lehman's wake. Golden, John // Westchester County Business Journal;9/22/2008, Vol. 47 Issue 38, p1 

    The article reports on the issues concerning the bankruptcy of Lehman Brothers Holdings Inc. It states that when Lehman Brothers Holdings has filed bankruptcy on September 15, 2008, the British bank Barclays PLC has agreed to pay $1.75 billion of Lehman's capital markets unit. Meanwhile, Lehman...

  • Lehman-ade.  // Westchester County Business Journal;9/22/2008, Vol. 47 Issue 38, p4 

    The author reflects on the bankruptcy condition of Lehman Brothers Holdings Inc. He states that in Lehman's case, it is too early to tell if corporate governance is lacking or something else occurred. He also notes that the situation may be the result of an economic Darwinism or the theory of...

  • The financial crisis: big dollars, little sense. HARRINGTON, ERIN // Long Island Business News (7/1993 to 5/2009);10/3/2008, Vol. 55 Issue 49, p11 

    The author reflects on the financial crisis in the U.S. He stresses that the people has been surprised with the news reports regarding the filing for bankruptcy by Lehman Brothers Holdings Inc. as well as the other events including the initiative of the Federal Reserve to rescue the American...

  • There will be blood in asset management.  // Asian Investor;Nov2008, p12 

    The article reports on the possible end of hires in Asia's asset management industry and a reduction of salespeople, investment managers and back-office executives. The reduction of hires is a result of Lehman Brothers' bankruptcy. Several employees who are offered positions have been refusing...

  • Winding up Lehman. Heaney, Vince // Accountancy;Nov2008, Vol. 142 Issue 1383, p94 

    This article is focused on Tony Lomas, chairman of the Business Recovery Group at PricewaterhouseCoopers in charge of handling the British and European operations of the failed financial services company Lehman Brothers. Comments are included from Lomas in which he remarks on the difficulties of...

  • Lehman to Hire Bankruptcy Examiner. Seymour, Dan // Bond Buyer;1/15/2009, Vol. 367 Issue 33042, p1 

    The article reports on the plan of the Lehman Brothers Holdings Inc. in hiring an examiner to investigate the bank's historic collapse due to the financial crises in the U.S. It says that the plan which was suggested by a judge will appoint an examiner in investigating the issue regarding to the...

  • PwC rules out CV lessons for axed bankers. Peacock, Louisa // Personnel Today;10/7/2008, p24 

    The article reports that PricewaterhouseCoopers LLP (PwC) has eliminated the need for curriculum vitae (CV) lessons for Lehman Brothers Holdings Inc. employees. It cites that PwC has declared that 750 fixed-income and personal investment management jobs would be removed from the bankrupt...

  • The Euro's Deficiencies. Soros, George // International Economy;Winter2009, Vol. 23 Issue 1, p60 

    The article focuses on several deficiencies in the banking system of the European Union. These include the lack in central treasury and supervision of the banking system, which created a severe financial crisis in the new EU member states. It notes that the issue has began after the failure of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics