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By Martin Z. Braun |
May 13, 2013
Almost five years after Lehman Brothers Holding Inc. filed for bankruptcy, managers of the bank’s estate are demanding millions from retirement homes, colleges and hospitals.
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By Lisa Abramowicz, Miles Weiss and Christine Harper |
May 8, 2013
Hedge funds using debt-trading strategies are expanding at a record pace as they profit from risks big banks are no longer taking.
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By Michael McFarlin |
May 3, 2013
A wrap-up of hires and promotions from around the trading industry.
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By Phil Milford and Tiffany Kary, Bloomberg |
April 23, 2013
Jon Corzine, the former head of bankrupt broker MF Global Holdings Ltd., was sued by the holding company’s trustee, Louis J. Freeh, for failing in his duty to oversee the company and causing the eighth-biggest bankruptcy in U.S. history.
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By Laura Marcinek and Donal Griffin, Bloomberg |
April 19, 2013
Bank of America Corp. and JPMorgan Chase & Co. led the six largest U.S. banks in boosting combined first-quarter profit 45%. Investors dumped the stocks.
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By Dawn Kopecki, Bloomberg |
April 12, 2013
JPMorgan Chase & Co.’s first- quarter profit rose 33 percent to a record on expense reductions and an improvement in consumer credit quality that allowed the bank to boost earnings by reducing loan-loss reserves.
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By Elizabeth Stanton, Donal Griffin and Hugh Son |
April 3, 2013
Bank of America Corp. and Citigroup Inc., the second and third biggest U.S. lenders, selected new managers to help run the firms’ rates-trading desks.
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By Mary Childs |
March 18, 2013
The trader whose wagers cost JPMorgan $6.2 billion and led to his ouster may have unwittingly helped pick his replacement.
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By Mary Childs and Elizabeth Dexheimer, Bloomberg |
March 18, 2013
Bruno Iksil, the JPMorgan Chase & Co. trader known as the London Whale, had an e-mail sent to about 20 colleagues last year estimating almost double the daily losses his book had shown thus far. Then the phone rang.
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By Linda Sandler, Bloomberg |
February 26, 2013
Lehman Brothers Holdings Inc., which has been fighting affiliates over who owes what to whom since 2008, said its defunct brokerage will allow it to claim about $16.3 billion as a result of a settlement.
