Dealing with the Lehman problem
To move on from the crisis, a means must be found to deal with risks posed by big banking groups. US-UK ideas offer a way forward
Lehman Brothers - Companies & Markets
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UK banks scramble to boost capital
Four banks are locked in discussions with the authorities to finalise details of a recapitalisation that is likely to see them commit to raising more than £35bn
ABN purchase a deal too far for RBS
Sir Fred Goodwin’s reputation has taken a battering since last year when RBS made the decision to lead a consortium that acquired Dutch bank ABN Amro for €71bn at the height of the boom
Lloyds rescue of HBOS stays on track
Lloyds’ offer was still 0.83 shares for each HBOS share, but there was some suggestion that there could be a new exchange ratio of between 0.6 and 0.71
Wall Street in biggest fall since 1987 crash
The US stock market suffered its largest loss since the crash of 1987 amid panic over GM, Morgan Stanley and several big insurers, heightening speculation that the US would unveil a bank recapitalisation plan soon
US in de facto support for bank liabilities
The US is likely to strengthen its implicit guarantee for all bank deposits and bank debt but stop short of a formal legal guarantee, as it tries to save its banks without destroying its non-bank financial sector
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Money market funds explained
Interactive feature: How do money market funds work and what are the consequences of the recent problems in the aftermath of a fund ‘breaking the buck’?
Comment & Analysis
Lehman anniversary merited a mention
Lehman’s demise characterised a turning point which exposed one group’s flaws but has yet to run its course, writes David Priestland
JPMorgan agrees $20m fine in Lehman case
The bank will settle regulator allegations that it mishandled Lehman Brothers’ customer funds ahead of its bankruptcy
Lehman’s curse
When brokers fail it should be a simple matter to sweep each account and return the proceeds to its holder
Why 9/15 changed more than 9/11
The attacks on New York and Washington in 2001, horrifying as they were, did not shake US dominance of the global political and economic system. It was Lehman’s collapse that truly marked the end of the “unipolar moment”, writes Gideon Rachman
It is time to dance to a new long-term tune
Our collective over-emphasis on policy for the short term over long term in the era before Lehman’s fall has returned to haunt us. For the economy as a whole, however, there are seeds of prosperity, writes Glenn Hubbard
Why it is still bank business as usual
Regulators may have been given greater authority to keep banks on a tight leash. But they must actively enforce their new powers. To do this, they must have the political backing to make enemies of the banks
Accounting: Fooled again
In the wake of revelations on how Lehman flattered its balance sheet, questions are arising about how such techniques became possible and what can be done to curb them
BarCap struck as lights went out at Lehman
Lehman Brothers’ collapse left its staff hungry for a challenge that BarCap used to its advantage
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