News on Investment Services

Lehman Brothers

2010-03-19T21:16:23Z

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the Boston Properties votes to pay dividend of 50 cents</div><div><p>Real estate investment trust Boston Properties Inc. said Friday its board declared a quarterly dividend of 50 cents.</p><p>The dividend is payable April 30 to shareholders of record at the close of business on March 31.</p><img src="http://admatch-syndication.mochila.com/image...

Once skeptical, Congress warms to CFTC's Gensler

2010-03-19T13:00:57Z

<div><p>WASHINGTON (Reuters) - Gary Gensler, who once supported market deregulation blamed for the recent financial meltdown, has been winning over members of Congress who had been skeptical of his ability to rein in Wall Street as the top U.S. futures r...

Lehman says Barclays got $13 billion windfall in sale

2010-03-18T16:30:19Z

<div><p>NEW YORK (Reuters) - 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 ...

SEC boss: Agency examining companies

2010-03-17T17:45:13Z

<div><p>The head of the Securities and Exchange Commission confirmed Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008.</p><p>SEC Chairman Mary Schapiro said "it would be safe to assume" that the agency is looking very closely at the conduct ...

Lehman receives OK to delay disclosure statement

2010-03-17T13:15:17Z

<div><p>NEW YORK (Reuters) - A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc <LEHMQ.PK> could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.</p><p>The disclosure statement, which is a necessary step for Lehman to get creditor approval for its plan...

SEC says Lehman report will be helpful

2010-03-17T11:30:15Z

<div><p>WASHINGTON (Reuters) - 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.</p><p>Reuters) - Global investment banking revenues this year may match the buoyant levels of 2009, analysts forecast on Tuesday, easing fears of a sharp drop during what looks set to be a "pivotal" year for the industry.</p><p>Underlying industry revenues are likely to drop 10-15 percent this year to about $280 billion, but will be flat to modestly up once lower markdowns for credit losses are fa...

Lehman administrator files record bankruptcy plan

2010-03-15T19:15:33Z

<div><p>The administrator for failed Wall Street giant Lehman Brothers has filed plans to end the largest bankruptcy in US history, opening the way for the creation of a new company.</p><p>"The proposed plan represents a fair economic resolution for all Lehman creditors and will accelerate r...

Barclays targeted UBS ahead of Lehman buy: report

2010-03-15T18:00:08Z

<div><p>NEW YORK (Reuters) - Barclays Plc <BARC.L> considered UBS AG <UBSN.VX> its preferred merger target just weeks before it bought U.S. assets from the collapsed Le...

UBS execs net $52mln bonuses for 2009

2010-03-15T04:15:57Z

<div><p>Swiss bank UBS said Monday that its top executives were awarded 54.9 million Swiss francs (38 million euros, 52 million dollars) in bonuses in 2009 as the total wage bill for senior echelons soared with the bank's return to profit.</p><p>Members of the group executive board and board of directors earned a total of 69.4 million Swiss francs in 2009 in wages and incentives, an increase of 58.7 million over the previous yea...

Asset manager plans London listing of distressed debt fund

2010-03-14T20:15:19Z

<div><p>LONDON (Reuters) - Asset manager Neuberger Berman, which once belonged to failed investment bank Lehman Brothers, plans a London listing for its first fund dedicated to distressed debt, according to the Financial Times.</...

BofA looking to expand business in China: report

2010-03-14T17:30:10Z

<div><p>NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall...

Pros and Cons of Futures Trading For Stock Speculation

2010-03-14T22:56:32Z

Futures contracts were originally designed as hedging tools or ?insurances? for the trading of commodities like wheat. As the production of wheat takes a long time and prices may change for the better or worse during that year those wheat takes to grow to maturity, the buyer of the wheat can go into an agreement with the farmer to buy their wheat upon harvest at a price agreed upon right now. Such an agreement made sure that the buyer will always be able to buy those wheat exactly at the pric...

Lehman balance sheet massaging may not be unusual

2010-03-12T17:45:10Z

<div><p>NEW YORK (Reuters) - On Wall Street, massaging the balance sheet is a time-honored practice.</p><p>But did Lehman Brothers Holding Inc <LEHMQ.PK> cross a line in the routine manipulation of its balance sheet, as described by an independent examiner?</p><...

Lehman Brothers Bankruptcy

2010-03-12T16:01:52Z

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., testifies before the House Oversight and Government Reform Committee on Capitol Hill in Saul Centers declares quarterly dividend of 36 cents per common share</div><div><p>Saul Centers Inc. declared a quarterly dividend of 36 cents per common share. The dividend will be paid on April 30, 2010 to shareholders of record on April 16, 2010.</p><p>The real estate investment trust also declared a quarterly dividend of 50 cents per depository share for its 8 percent Seri...

Lehman failure 'fault of managers, banks, auditors'

2010-03-12T07:45:47Z

<div><p>A court-appointed expert has blamed the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase.</p><p>The 158-year-old bank filed for protection in September 2008 i...

Lehman failure fault of managers, banks, auditors: expert

2010-03-11T23:15:43Z

<div><p>A court-appointed expert blamed the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase.</p><p>The 158-year-old bank filed for protection in September 2008 in th...

Money fund assets fell to $3.090T in latest week

2010-03-11T22:15:58Z

<div id="subtitle">Money fund assets fell by $36.22 billion to $3.090 trillion in latest week</div><div><p>Total money market mutual fund assets fell by $36.22 billion to $3.090 trillion for the week, the Investment Company Institute said Thursday.</p><p>Assets of the nation's retail money market mutual funds fell by $9.87 billion in the latest week to $1.034 trillion.</...