The idea of Lehman Brothers raising capital mainly “in response to investor interest” seems a little far fetched. Presumably the bank wanted to raise capital to bolster confidence in its financial strength, and investors indicated they were willing to play ball
Lehman Brothers on Monday said it would sell at least $3bn worth of convertible preferred shares to help bolster its balance sheet and dispel rumours that it could face capital problems
Lehman Brothers is considering halting all new loans from its two British subprime mortgage units and putting further pressure on borrowers with a chequered credit history
During a minor liquidity wobble two years ago, credit default swaps on one of Iceland’s big banks pushed through 100 basis points, causing all three to rein back asset growth and chase deposits
Man Group has bought a half share in a $3bn US credit specialist in the first acquisition by Peter Clarke since he took the top job a year ago at the biggest listed hedge fund manager
Radical strategies to fight the credit crisis, including temporary suspension of capital requirements, are being actively discussed by governments and central banks
Kenichi Watanabe, Nomura’s newly appointed president and chief executive officer, admits that the group is two or even three cycles behind its western rivals in terms of building a global presence. He is vowing to change that “with speed”
Hedge funds are having their worst start to the year on record after March turned into one of the ugliest months for popular strategies and several funds imploded
London’s efforts to lure financial services companies away from New York received a boost when Nomura’s new president and chief executive said he sees the UK as the engine of its international operations
UBS is poised to reveal further writedowns of up to $18bn and seek a capital increase of about $13.1bn just weeks after shareholders approved a similar-sized injection from outside investors