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Five years after Lehman, people still angry at Wall StreetA few years ago, Larry Summers, then the director of President Barack Obama's National Economic Council, held a private meeting with some of Wall Street's top bankers and executives. & More… |
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Post Lehman, 'shadow banking' drives riskJust days after UBS said that it would gut its fixed-income trading business last October, three of the Swiss bank's senior executives left to launch a firm to go where big banks won't anymore. More… |
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Europe set for worst quarter since 2008European stock index futures fell on Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago. Asian equities also dropped, extending t More… |
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Turnaround firm sees riches in Dubai downturnAlvarez & Marsal, the US turnaround firm overseeing the Lehman Brothers bankruptcy, is in talks to help restructure firms humbled by the global financial crisis in Dubai, the Gulf's trade and tourism hub, a top executive has said. More… |
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Global banking industry 'set to bounce back'The global banking industry will get back down to business in the first quarter of next year, Ithmaar Bank chairman Khalid Janahi predicted on Wednesday. But he said that this would be achieved by investing in the real economy rather than More… |
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CBB allays financial sector meltdown fearsFears of a potential meltdown spreading to Bahrain's financial sector were allayed on Sunday by the Central Bank of Bahrain (CBB). 'Our local banks are insulated enough to withstand potential fallouts of the crisis which is sending More… |
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CBB allays financial sector meltdown fearsFears of a potential meltdown spreading to Bahrain's financial sector were allayed on Sunday by the Central Bank of Bahrain (CBB). 'Our local banks are insulated enough to withstand potential fallouts of the crisis which is sending More… |
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CBB assessing impact of Lehman bankruptcyThe Central Bank of Bahrain (CBB) is currently assessing what, if any impact, the collapse of Lehman Brothers will have in Bahrain. But CBB executive director banking supervision Khalid Hamad on Tuesday emphasised that there was no liquidi More… |
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DME suspends Lehman's Dubai unitThe Dubai Mercantile Exchange on Tuesday said it had suspended the membership of Lehman Brothers' Dubai unit, according to Reuters. 'The Dubai Mercantile Exchange Limited (DME) hereby notifies DME Members of the Suspension of Membe More… |
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Swiss banks 'well capitalised'Swiss banks are well capitalised in the current financial crisis, the country's bank watchdog said after the collapse of US investment bank Lehman Brothers raised fresh concern about the health of the financial sector. "Swiss banks are wel More… |
