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...

Daniel Lehman

...received numerous medals and citations for his service. Survivors include: wife, Yong Yi Lehman; daughter, Dana Lehman; brother, David Lehman; sister, Jodi Reffitt; nephews, James Spencer, Jason Lehman; niece, Jessica Stoutenborough...

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...

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...

5 years later: A look at local companies then and now

Wall Street spent September reminiscing about the five-year anniversary of the Lehman Brothers bankruptcy ? the meltdown stemming from losses from toxic mortgages believed to have triggered the collapse of the stock market...

AIG won't join a shareholder lawsuit against the US government

...that if it were allowed to fail it would send shock waves through the financial system, which was already reeling as Lehman Brothers collapsed.David Boies, an attorney who represents Greenberg's company, Starr International, said in a statement...

Dow closes above 14,000 for first time in five years

...but hadn't cratered. Jobs were abundant, with unemployment at 4.7 percent ? compared to 7.9 percent now. Lehman Brothers still existed. So did Bear Stearns, Wachovia and Washington Mutual.

Benefits of SC settlement with NY bank questioned

...losing $200 million in retirees' money through bad investments ? including in subprime mortgages and bankrupt Lehman Brothers ? that violated its contract for conservative, short-term securities lending. The actual loss 2½ years later...