Lehman Brothers Holdings Inc -- whose North American business was taken over by Barclays Plc in 2008 -- has asked a U.S. judge on Wednesday to force the British bank to pay it back $500 million it says was meant to go to employees.
The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday.
Group of Seven financial leaders, worried about risks to global growth, are likely to agree this week to keep monetary policy accommodative, slow fiscal consolidation in countries where that is possible and implement structural reforms, a G7 source said.
Central banks from around the world are placing record sums of money into the Fed as a safe haven, at amounts even higher than during the Lehman Brothers meltdown.
Dick Cheney won’t be the only one turning heads this year.
Creditors of Lehman Brothers Holdings Inc were granted approval on Tuesday to vote on the failed bank's $65 billion payback plan, clearing a major hurdle in the path to ending the biggest bankruptcy in U.S. history.
A judge on Tuesday gave creditors of Lehman Brothers Holdings Inc the green light to vote on the failed bank's $65 billion payback proposal, clearing a major hurdle in Lehman's path toward ending the biggest bankruptcy in U.S. history.
Lehman Brothers Holdings Inc told a bankruptcy judge on Tuesday it has resolved or pushed off eight of the 18 objections to its plan outline to pay creditors back $65 billion and end the biggest bankruptcy in U.S. history.
Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.
Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
On his days off, Cordell Kent drives with his family about an hour into the eastern Australian countryside, lays out a picnic blanket and then joins hundreds of other families panning for gold in hopes of striking it rich.
German consumer sentiment fell slightly going into September, a survey showed on Thursday, hitting a 10-month low as the euro zone debt crisis and fears of another recession in Europe and the United States weighed on consumer expectations.
Central bankers and economists from around the globe will once again flock to the Federal Reserve's annual gathering in Wyoming this week, and once again will meet against the backdrop of volatile markets and the prospect of further Fed support for a struggling U.S. economy.
Gold prices dropped on Wednesday and were headed for their biggest two-day loss since the peak of the financial crisis, while the dollar rose as investors bet a speech by the Federal Reserve chairman later this week will not reveal any major central bank initiatives.
The U.S. Federal Reserve used a non-competitive bid process when it secured middlemen services to maintain liquidity in the critical money-market fund market -- an emergency action necessitated by the financial crisis triggered by the collapse of Lehman Brothers.
Banks must report a minimum set of data on their derivatives trades from the end of next year to help regulators monitor financial stability and spot abuses, a draft plan from market supervisors and central bankers said on Wednesday.
Billionaire Investor/Philanthropist George Soros has provided more thought-provoking commentary on the markets, and he says a U.s. double-dip recession is more likely now.
Memories of the panic that engulfed the world after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash for cash during August's market falls, private bankers said.
An ugly sell-off in global stocks gathered pace on Friday, on mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.
An ugly selloff in global stocks gathered pace Friday, on mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of a banking crisis.
Global stocks ceded more ground Friday, hurt by mounting concerns the U.S. economy is heading into another recession and as some European lenders faced a short-term funding crunch, highlighting the risk of another banking crisis.
European stocks are slated for another fall on Friday after Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
