JPMorgan Chase & Co agreed to return more than $800 million of assets that will be distributed to former customers of Lehman Brothers Holdings Inc's brokerage.
Bullion powered to a lifetime high for a fifth consecutive session on Thursday on a sharply weaker dollar, while lingering tensions in the Arab world, worries about the euro zone crisis and U.S. fiscal health offered additional support.
The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.
Lehman Brothers Holdings Inc on Wednesday agreed to put creditors' competing restructuring plans on the same timeline for court approval as its own plan, but reserved the right to raise future objections.
UBS AG was ordered by a regulator to pay nearly $11 million to settle charges it misled customers about the safety of Lehman Brothers Holdings Inc debt before that bank went bankrupt.
The Federal Reserve on Thursday released the names of banks that borrowed from its main emergency lending facility during the financial crisis after having run out of legal appeals to block publication.
A group of Lehman Brothers creditors, including the largest U.S. public pension fund and hedge fund Paulson & Co, has asked a bankruptcy judge to consider its reorganization plan for the bankrupt company at the same time that Lehman's own plan is up for consideration.
Few creditors of Lehman Brothers Holdings want the court to consider their alternate restructuring plan when the bankrupt investment bank's own proposal comes up for voting in June, court documents show.
Sixteen Hong Kong banks have agreed on a deal to enable investors in structured products of the now bankrupt Lehman Brothers recover a majority of their investments.
Japan's government has said that the cost of March 11 earthquake, tsunami and nuclear radiation woes, which have devastated the country, could reach $309 billion.
The Euro price of Gold Bullion today slipped back to last week's finish just below €32,000 per kilo - reversing Monday's 1.0% rise - as the single currency hit new 6-month highs to the Dollar above $1.4240.
The trustee overseeing the liquidation of Lehman Brothers Holdings' broker dealer has sued Citibank to recover more than $1.3 billion in cash and other assets.
Lehman Brothers Holdings Inc said it hopes to win court approval of its reorganization plan in mid-November, more than three years after filing the largest bankruptcy in U.S. history.
A government probe into the fall of Lehman Brothers Holdings Inc has hit so many snags that enforcement officials fear they may never be able to bring civil or criminal charges against company executives, the Wall Street Journal reported on Saturday.
Goldman Sachs Group said it is part of a creditor group that may file an alternative plan for dividing up billions of dollars of Lehman Brothers' Holdings assets.
Gold Bullion slipped vs. a rebounding Dollar in London on Tuesday, briefly dropping 1.4% from yesterday's new record highs as world stock markets extended their losses.
Investment bankers have been villified by the public since the financial crisis, and regulators are cracking down on their pay, but Britain's university graduates still aspire to become them. At the country's top universities, the generation of students who started their degree just as Lehman Brothers collapsed are still pursuing lucrative
A legal tussle between defunct Lehman Brothers and investors in highly complex debt vehicles has drawn attention from financial professionals and British football clubs alike.
When crude prices fall, oil companies tend to pass on the reductions -- albeit grudgingly -- to motorists. In most of Africa, the same cannot be said of interest rates.
U.S. market regulator said former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta tipped Galleon hedge fund founder Raj Rajaratnam in phone calls about confidential company information. Gupta's lawyer said the allegations are baseless.
Citigroup Inc could face up to $3 billion in claims from the bankruptcy proceedings of Lehman Brothers Holdings Inc , the third largest U.S. bank by assets said in a regulatory filing on Friday.
The CBOE Volatility Index, or VIX, the index that Wall Street uses to gauge fear among investors, spiked almost 28 percent today, almost entirely to the ongoing turmoil in Libya.
