Lehman Brothers

Citigroup to cut another 52,000 employees

Patrick Hosking and Marcus Leroux One of the largest single job culls of the current downturn was launched yesterday as Citigroup, the American banking group, announced plans to reduce its headcount by 52,000 in the next few...

Macquarie bank profit drops 43%

Australia's biggest investment bank, Macquarie Group, has posted a sharp drop in its first-half profit but said it did not need to raise cash. The bank's net profit for the six months to 30 September fell 43% to 604m Australian...

Softbank shares fall on derivatives loss risk

TOKYO, Nov 18 (Reuters) - Shares in Softbank Corp fell 10 percent on Tuesday after a newspaper said Japan's No.3 wireless carrier faces an increasing risk of a $776 million special loss from a financial derivative.

More troubles emerge among derivatives

11 hrs ago

By Michael Mackenzie in New York Further stress emerged in the long-term US interest rate derivative market yesterday, with the latest episode of pain coming from impaired exotic trades based on the Japanese yen. The 30-year...

Gordon Brown is no Maynard Keynes

Gordon Brown is never happier than when he is bestriding the global stage. As a result, the G20 communique had the tired old look of a shopping list. This will be seen at Number 10 as the green light to press on the spending...

Morgan Stanley appoints Naresh Naik as Executive Director

India Head of Asset Management named for Morgan Stanley Real Estate. Morgan Stanley (NYSE: MS) today announced the appointment of Naresh Naik as an Executive Director and Head of Asset Management for Morgan Stanley Real Estate...

Are you the next Lehman Brothers?

On the surface, this financial crisis seems pretty complicated. Wall Street firms made convoluted bets on exotic mortgage securities, and those bets failed for a complex set of reasons. But in fact, investment banks went under...

Unitech to raise funds via stake sale in hotel projects

Press Trust of India / New Delhi November 18, 2008, 18:18 IST Unitech, the country's second largest realty firm, today said it will raise funds by divesting equity up to 100 per cent in its hotel projects. The company is coming...

Michael McCook joins Trikona Group as senior advisor

New York, Tue, 18 Nov 2008 ANI New York, Nov 18 (ANI/Business Wire India): Trikona Group, which contributes to the growth of India by creating new asset classes around real estate and infrastructure, announced that Michael B....

Cash crisis puts Greektown Casino-Hotel in jeopardy

A growing cash crisis won't close Greektown Casino, but work could stop soon on its nearly finished hotel, dimming hopes for reversing the fortunes of the perennial third-place finisher in Detroit's casino competition.

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