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The Latest Breaking News from Lehman Brothers

Blackstone CEO took home $1.2 billion last year after going ‘max everything’ with work—but he wouldn’t advise his children to put themselves under so much pressure

Blackstone cofounder Stephen Schwarzman says he put a lot of stress on himself as a young finance worker, and doesn’t want to see others burned out by daily “desperation” and “fear of failure.”

Fortune

Mandelson and the financial crash: why the Epstein allegations are so shocking

Suggestions that Peter Mandelson may have shared government information with Jeffrey Epstein amid the fallout of the global financial crisis are being investigated by police.

The Conversation

A Lesson From the School of Rock (and a Financial Adviser) as the Markets Go Around and Around

It's hard to hold your nerve during a downturn, but next time the markets take a tumble, remember this quick rock 'n' roll tutorial and aim to stay invested.

Kiplinger

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Seventeen Years Later, Lehman Brothers International Bids A Farewell

Seventeen years after its implosion rattled the global markets, Lehman Brothers‘ UK arm has finally been put to rest. The long, messy afterlife of Lehman Brothers International Europe (LBIE) ended in a London courtroom yesterday. A judge declared that its ghost has met its obligations.

Benzinga

Activist Short Seller NINGI Says Marex Group Uses Off Balance Sheet Funds To Inflate Results, Calls It 'House Of Cards' Built On Fake Profits

Activist short seller NINGI Research has released a report on Marex Group PLC (NASDAQ:MRX), a London-based financial services company, alleging it is "a financial house of cards built on a multi-year scheme of accounting manipulation, intercompany transactions, and fake profits."

Benzinga

Revolut CEO ‘could get multibillion-dollar windfall if its value passes $150bn’

Fintech firm’s founder Nik Storonsky has reportedly secured Elon Musk-style deal that would pay out in stages

The Guardian - UK

Hubris, crisis and scandal: how the NatWest ‘soap opera’ unfolded

From Fred ‘the Shred’ Goodwin to Nigel Farage ousting the CEO, it’s been a bumpy ride for the now-privatised banking group, formerly RBS

The Guardian - UK

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Hedge funds are the new ‘shadow banks’—and some are worried they pose a systemic threat to financial stability

The $800 billion ‘basis trade’ underlines how risky bets help keep the financial system humming.

Fortune

Jefferies boss shares email sent to Lehman Brothers' CEO on the day it collapsed

"Arrogance always kills," Jeffries CEO Richard Handler says of Lehman Brothers' 2008 bankruptcy

Fortune

Tariffs threaten women's retirements

A persistent pay gap, low-wage jobs and now a rollercoaster stock market threaten their financial future

Salon

Jefferies boss shares email sent to Lehman Brothers' CEO on the day it collapsed

"Arrogance always kills," Jeffries CEO Richard Handler says of Lehman Brothers' 2008 bankruptcy

Fortune

Billionaire Nik Storonsky builds side quant bet to Revolut

Nik Storonsky spent the past decade shaking up banking with his financial services firm Revolut. Now the billionaire former Lehman Brothers trader is looking to pull off a similar feat in venture capital.

Evening Standard

UK’s political short-termism is killing hopes of business investment

Without economic stability the country is likely to be left without solid foundations for recovery

The Guardian - UK

15 years on from Lehman Brothers, the fallout is still with us

City Comment: Is it too much to ask for the next 15 years to be just a little duller?

Evening Standard

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WEKU

How Lehman's collapse 15 years ago changed the U.S. mortgage industry

The global financial crisis of 2008 ushered in a new era of consumer protection, but the future of the housing market is uncertain.

The Guardian - UK

Beware September: five cautionary tales from economic history

From the South Sea Bubble to the undoing of Trussonomics, this month of the year keeps providing lessons

Barchart

A Clear Signal of More Pain Ahead for Bank Stocks

The collapse of the banking sector back in 2008 left some important learning lessons for traders and investors. 15 years those lessons are repeating themselves again. Will we see the same reaction as we did in 2008?

Evening Standard

Morning has broken… So what does the future of breakfast TV look like?

The Phillip Schofield scandal and his fallout with Holly Willoughby has spelled the end for This Morning as it was. Paul Flynn wonders how they can fix it

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Fortune

Where’s your money? Your bank should be able to tell you

The recent bank failures may have felt like 2008 deja vu because they similarly expose the weak spots in the system that have not been resolved.

The Guardian - US

WeWork mugs for $500: 10 of the strangest merch items from companies that crashed

FTX fortune cookies and Theranos gift cards offer souvenirs from recent business disasters

Fortune

A famous market watcher who called the subprime mortgage crisis is warning that stocks are about to crash: 'It's the highest probability since COVID'

Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.

Fortune

Banking crisis has ‘definitely’ tipped the U.S. closer to recession, warns top Fed official who was at the center of the 2008 bailout

“Not all of these stresses are behind us," warns Minneapolis Fed President Neel Kashkari, the former administrator of the Troubled Asset Relief Program.

The Guardian - UK

It may not be 2008 all over again – but this banking turmoil is not without danger

New approach is needed to get UK through looming credit crunch after failure of recovery from crash

Bangkok Post

World faces prospect of financial tumult

Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay…

The Independent UK

What happened to Credit Suisse and why are banks needing bailouts again?

Could isolated failures herald another global banking crisis?

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