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Seeking Alpha (Free subscription) | yesterday
FP Trading Desk submits: The pressure facing Lehman Bros Holdings Inc. (LEH) these days could be alleviated by the sale of some of the broker's riskier assets, says UBS analyst Glenn Schorr in a detailed note to clients on Thursday. Although Mr. Schorr said he doesn't see Lehman facing a massive liquidity crisis that would force a fire sale to liquidate assets, he did tell clients the company has...
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DealBreaker (Free subscription) | yesterday
Charlie Gasparino reports that Lehman Brothers may be taking UBS analyst Glenn Schorr's advice to sell at least part of its Neuberger Berman asset management unit (which, and swear I'm not making this a Holocaust thing, I always hear in my head as "Nuremberg" and I know you do too). Selling the entire thing could make Lehman around $8 billion, which would be nice for the cash but would also mean parting...
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DealBook (Free subscription) | yesterday
A sharp drop in June home sales started the stock market off on a sour note Thursday and new worries about banks sent shares into a slide. Financial shares such as Citigroup and Lehman Brothers plunged, snapping a six-session winning streak, as profit-taking dragged the Dow Jones industrial average down 283.10 points, or 2.43 percent, to [...]
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Market Watch (Free subscription) | yesterday
WASHINGTON (MarketWatch) -- Top executives at Lehman Brothers Holdings are reportedly considering the sale of all or a portion of Neuberger Berman, the struggling brokerage's profitable asset-management arm. Citing unidentified sources, CNBC said selling off Neuberger Berman in its entirety could yield some $8 billion. Lehman purchased Neuberger Berman five years ago for $2.6 billion. It's believed...
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DealBreaker (Free subscription) | 07/24/2008
You know, other than now. Credit Suisse analysts issued a report today that is supposed to make you feel better about the "issues" shares of Merrill Lynch, Lehman Brothers and Citi have been having of late, by reminding us that the Big C has so be here before, like that time its shares fell 77 percent from October 1989 to December 1991. Then Prince Alwaleed swooped in and bailed them out and by late...
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New York Post (Free subscription) | 07/24/2008
Lehman Brothers' hard-charging CEO Dick Fuld might have to resort to some drastic measures - and soon - if he's going to bolster confidence in the fractured investment bank, analysts said. UBS bank analyst Glen Schorr said in a note to clients...
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24/7 Wall St. (Free subscription) | 07/23/2008
Mirant (MIR) Downgrade from Lehman Brothers. Falls off to $30.90 from 52-week high of $44.61. Convergy (CVG) Good profits, but cuts forecast. Sells down to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Reuters (Free subscription) | 07/23/2008
BANGALORE (Reuters) - Lehman Brothers Holdings Inc is likely to make a sizable asset sale, which may include a sale of its investment management unit Neuberger Berger, in a move to address problems, particularly those related to its asset exposures and potential client erosion, said analysts at UBS.
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Reuters UK (Free subscription) | 07/23/2008
BANGALORE (Reuters) - Lehman Brothers Holdings Inc is likely to make a sizable asset sale, which may include a sale of its investment management unit Neuberger Berger, in a move to address problems, particularly those related to its asset exposures and potential client erosion, said analysts at UBS.
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DealBook (Free subscription) | 07/23/2008
Lehman Brothers‘ stock seems to have stopped its free-fall for the moment, but Wall Street is still seriously concerned about its future. The firm, led by longtime chief Richard Fuld Jr., pictured above, continues to hold a mountain of risky, hard-to-value securities tied to mortgages, real estate and buyout loans, and its clients are watching carefully [...]
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The Telegraph (Free subscription) | 07/23/2008
The price of crude oil is approaching a tipping point, investment bank Lehman Brothers warned today, as it slashed its forecasts for demand growth next year.
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TechCrunch (Free subscription) | 07/23/2008
Glam Media has hired Michael Adair, most recently Google’s head of North American sales finance, as their new VP Corporate Development and Finance. Prior to Google Adair was an investment banker at Lehman Brothers and he has an MBA from Harvard. He’ll be responsible for making investments and acquisitions on behalf of Glam. Glam, a women-focused [...]
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beris | 10/31/2007
You want to be brave? You desperately want to go financial? Then go Suisse! Without further detailed and elaborated discussion how beaten down financial stocks and investments banks are, where ones portfolio loaded with financia... more [[THIS IS A CONTENT SUMMARY ONLY. Click on the link for the full story, full links, analysis, charts, and more]]
