We quickly turned to a full on fear environment with theh banks as a result of Kenneth Rogoff's comments, Goldman Sachs' reduced estimates, and Freddie's problems accessing capital markets....
If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
Lehman Bros reported their first quarterly loss as a public traded company and is now looking to raise $6 billion in capital to shore up its balance sheet. Lehman has a large exposure to the...
Lehman Brothers Holdings Inc. said Thursday its fourth-quarter profit fell for the third straight quarter, slipping 11% from a year ago on net write-downs of $830 million on fixed-income trading...
Powered by the growth of the Chinese economy, 12 year old brokerage Citic Securities is now bigger than Lehman Bros., Bear Stearns, and Charles Schwab. And the company is only 11 years old! Is...
Lehman Brothers reported better than expected earnings today, even with the credit crunch swirling around. Fortune columnist Peter Eavis writes an interesting article that asks whether Lehman was...
Lehman Bros reported earnings today and showed by the credit crunch is only part of the picture. Third quarter net income fell by 3.2% as the wrote off half a billion dollars in fixed income...
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