Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.
A former Lehman Brothers Holdings Inc executive warned months before the bank's collapse that senior management was potentially misleading investors and regulators about the value of the firm's assets, the Wall Street Journal reported on Saturday.
The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law at Lehman Brothers and other firms.
A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion windfall profit from its deal to buy Lehman's U.S. brokerage in September 2008.
The tension level in the debate on U.S. financial reform rose on Thursday as Democrats slapped back at a Republican leader's comment about punk staffers and a pivotal vote neared in the Senate.
A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.
A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.
A bankruptcy judge said Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.
A House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found elaborate accounting tricks that helped to hide the investment bank's insolvency.
A Republican lawmaker requested a congressional hearing on a bankruptcy examiner's report on Lehman Brothers Holdings Inc , saying the findings cast doubts on the Federal Reserve's supervisory role.
Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.
Lehman Brothers Holdings Inc on Monday filed a plan with the U.S. bankruptcy court in Manhattan to wind down its remaining assets and operations -- and end the largest U.S. bankruptcy case in history.
Ever since the fraud at U.S. energy trader Enron Corp brought down accounting firm Arthur Andersen eight years ago, global auditing firms have worried that a major misstep could be fatal.
An explosive report by a court-appointed examiner on the collapse of Lehman Brothers
The court appointed examiner of the Lehman Brothers Holdings Inc. bankruptcy said the company 'doubled-down' on risky trading activity in 2007, exceeding its own limits as the sub-prime mortgage business was developing into a crisis.
Lehman, the failed investment bank whose 2008 collapse shook the world financial system, is in the spotlight again over the allegedly improper use of repos to understate leverage. The allegations were brought to light in the firm's bankruptcy examiner's report.
Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the cold.
Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
The report by a court-appointed examiner into the collapse of Lehman Brothers Holdings Inc, the largest bankruptcy in U.S. history, was made public on Thursday.
The court-appointed examiner who investigated the collapse of investment bank Lehman Brothers Holding Co is set to make his report public after a judge ruled he could do so on Thursday.