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Video: Future of Lehman In Europe

Sep 14, 2009 @ 10:15 AM By Kerry Massaro,

I watched an interesting and indepth video interview on CNN this morning that is worth watching. Tony Lomas, Lehman Brothers Int'l Administrator talks to CNN's Jim Boulden about many of the decisions made by Lehman Europe one year ago and what has transpired over the year.

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93 Year Old Still Trading

Sep 3, 2009 @ 12:57 PM By Kerry Massaro,

Check out this video of trader Paul Dannebaum on CNN. He's 93 years old, still doing push ups and trading out of his Del Ray Beach home.

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Lehman’s Rescue and Barclays’ Reversal

Sep 17, 2008 @ 11:51 AM By Ivy Schmerken,

Only a few days ago Lehman Brothers employees were clearing out their desks and saying tearful goodbyes to their colleagues and associates across the street. But in an odd twist of fate, yesterday, Barclays plc agreed to buy Lehman’s U.S. brokerage unit for $1.47 billion.

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Lehman Gets a Second Chance

Sep 17, 2008 @ 11:16 AM By Kerry Massaro,

Another big day in the market. Lehman Brothers capital markets division is getting a second chance through the acquisiton by Barclays. It seems like a great fit, and a great deal for Barclays who will in one week raise its presence in the U.S. capital markets by unprecedented levels.

There are still many questions to be asked. Will all 10,000 Lehman Brothers employees retain their jobs? How will the operations be integrated in regards to both business and technology?
Will Lehman’s capital markets business remain in tact?

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Lehman-Merrill: What Was Your Reaction?

Sep 16, 2008 @ 12:37 PM By Kerry Massaro,

I think I’m still in shock over the weekend's events. I finally adjusted to a world without Bear Stearns, but I can’t really fathom that the capital markets also will be without Lehman Brothers and Merrill Lynch.

Beyond experiencing disbelief, the industry was deeply saddened that the credit crisis has taken a toll on so many good firms and good people. Merrill Lynch has 60,000 employees and Lehman 25,000 -- what will become of them?

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More on Lehman’s Bankruptcy and NYSE Specialist Operations

Sep 16, 2008 @ 11:30 AM By Ivy Schmerken,

This came across my desk yesterday from NYSE Euronext, which explains how Lehman Brothers’ bankruptcy filing will impact its specialist operations on the New York Stock Exchange trading floor.

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A Wild Weekend Ends with Lehman’s Collapse and Merrill’s Sale

Sep 15, 2008 @ 01:04 PM By Ivy Schmerken,

We all woke up this morning – or went to bed last night at midnight — to find that the Wall Street world as we know it has forever changed with Lehman Brothers filing for Chapter 11 Bankruptcy and Merrill Lynch being sold to Bank of America. Some media outlets are calling this a Wall Street meltdown of iconic brands. I’m not sure what to call it. It is an unbelievable turn of events and a sad end to the history and culture of these firms.

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Wall Street's Reaction to Lehman's Announced Losses

Sep 11, 2008 @ 08:48 AM By Kerry Massaro,

On the day after Lehman Brothers announced $3.9 billion in losses and said it would shed its commerical real estate holdings as well as sell its investment management business, Wall Street reacts:

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Lehman to Reposition Assets amidst Losses

Sep 10, 2008 @ 09:48 AM By Kerry Massaro,

In a conference call this morning Lehman Brothers announced that it expected a loss of $3.9 billion, or $5.92 a share, in the third quarter after $5.6 billion in write-downs. The firm also said it plans to spin off its commercial real estate holdings into a separate public company as well as sell the majority of its investment management business to raise approximately $3 billion. The majority of Lehman's investment management division came from the acquisition of Neuberger Berman in 2003.

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