Brown offers Europe a lesson in leadership
The good news is that governments are at last abandoning an ad hoc approach in favour of a systematic response, writes Wolfgang Münchau
Lehman Brothers
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Nomura has Lehman’s old crown in sight
Ten months ago when Lehman Brothers collapsed, it would have been a stretch to suggest that the former investment bank might reclaim its crown as the biggest broker on the London Stock Exchange
BarCap told to disclose Lehman information
A US bankruptcy judge ruled that Barclays Capital had to comply with requests for information about its whirlwind acquisition of Lehman Brothers last September from Lehman’s creditors, who claim that BarCap enjoyed a windfall of more than $2bn in the deal
Lehman creditors in fight to recover collateral
Focus centres on whether bank gave up too much to JPMorgan and other lenders
Big names eye Lehman’s debt
The hedge funds that have been buying Lehman debt at a discount include some of the industry’s best-known operators – such as Elliott Associates, John Paulson’s Paulson & Co, King Street and Centerbridge Partners
KPMG rushes to sell Lehman’s China property
Liquidator’s disposal of seven out of nine Chinese property-related loans and bonds has generated more than $200m for creditors of the failed US bank
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The end of Lehman Brothers
Interactive timeline: View a blow by blow account of the demise of one of the biggest Wall Street banks, and the players involved
Comment
How to capitalise the banks and save finance
The international financial system needs repairing , but there are grounds for optimism, writes George Soros
A cruel wind
The strategy of debt-fuelled growth that transformed Reykjavik into a financial powerhouse now leaves Iceland facing an uncertain future
Markets throw one tantrum after another
For most of the past year, senior bankers have struggled to avert a collapse of faith in modern finance. Tragically, as this month’s events show, they have largely lost this fight, writes Gillian Tett
The Lehman legacy: Catalyst of the crisis
Treasury secretary Hank Paulson’s refusal to rescue the 158-year-old Wall Street bank took the upheavals into their latest and most severe phase
The shocking errors of Iceland’s meltdown
Politicians should not become central bank governors. David Oddsson is part of the problem and should resign now, writes Richard Portes
The excesses of pragmatism
There are circumstances in which people are forced to choose which they want more – democracy or prosperity. We are picking the latter, writes Christopher Caldwell
Man in the News: Gordon Brown
The British prime minister’s bold response to the financial crisis has caused the country to look at him with fresh eyes
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