Augusta-born Bernanke, in new memoir, recalls Lehman's 'surreal' failure

...Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a "terrible, surreal moment.""We were staring into the abyss," the former Federal Reserve chairman writes...

Business News

...helping defunct investment bank Lehman Brothers hide billions of dollars in debt...stemming from the collapse of Lehman Brothers, one of the first milestones...which -- the lawsuit says -- Lehman Brothers made temporary overseas sales...

Biz Bits | Business
Examiner unveils Lehman accounting tricks

...gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an...Lehman or its auditors Ernst & Young.The implosion of Lehman Brothers Holdings Inc. into the biggest bankruptcy in U...

Europe crisis revives 2008 fears, but risks are less

...panicky days of September and October 2008, when Lehman Brothers collapsed and American International Group needed...than $2 trillion in debt.That dwarfs the debt of Lehman Brothers, Bear Stearns and Merrill Lynch, the companies on...

Proof grows that female executives bring bigger profits, but businesses still slow to act

...risk-taking that led to the global financial crisis. IMF chief Christine Lagarde quipped that if collapsed investment bank Lehman Brothers had been Lehman Sisters, the crisis would look different.A recent study at Harvard Business School urged a re-think...

June jobs report shows recovery is accelerating, US economy coming closer to full health

...its lowest level since the financial crisis struck with full force in the fall of 2008, when the Wall Street firm Lehman Brothers went bankrupt."This has now become a textbook jobs expansion," said Patrick O'Keefe, the director of economic...

2008 transcripts show Federal Reserve struggling to grasp crisis

...Mac, the fateful decision to let investment bank Lehman Brothers fold in the largest bankruptcy in U.S. history...panicky investors. As late as Sept. 16, a day after Lehman Brothers filed for bankruptcy, Bernanke declared, "I think...

Shutdown squeezed corners of US economy

...consumer confidence fell in the first week of the shutdown by the most since September 2008, when the collapse of Lehman Brothers intensified the financial crisis. Historically, spending doesn't always closely track confidence.But weekly...

Regulators push for stronger bank capital

...risk will flow their way."The financial companies that collapsed or nearly fell in the 2008 meltdown, such as Lehman Brothers, American International Group and Fannie Mae and Freddie Mac, showed that threats to the global system can come...

Janet Yellen says rules might need to be strengthened further to bolster largest banks

...regional bank."In 2007 and 2008, short-term creditors ran from firms such as Northern Rock, Bear Stearns and Lehman Brothers and from money market mutual funds and asset-backed commercial paper programs," she said. "Together, these...