Lehman Brothers (LEH)

Re: Lehman LEH

Postby financecaptain » Thu Sep 25, 2008 1:36 pm

In that case, as a good investment adviser, I propose that it is better for you to call our Singapore escort hotline (not the S$40k one). Because either way you still lose your principal but you get real service and at lower required principal. Ha ha... not so ai wan :P :P :P
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Re: Lehman LEH

Postby kennynah » Thu Sep 25, 2008 1:42 pm

i fonly they provide shanghai girls...at shanghai grade
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Re: Lehman LEH

Postby fclim » Thu Sep 25, 2008 10:20 pm

kennynah wrote:i fonly they provide shanghai girls...at shanghai grade

china product? what if it is fake!?! :o
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Re: Lehman LEH

Postby kennynah » Thu Sep 25, 2008 10:54 pm

i guess...that's where experience plays a part...hahaha... duno lah bro...a china mei mei speak shanghainese doesnt mean she's shanghainese...anyways.... we digress... hahaha...

wish u huat huat
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Re: Lehman LEH

Postby iam802 » Tue Oct 14, 2008 5:18 pm

There is an official announcement from Nomura on SGX.

Basically, it says they have completed most of the acquisition of Lehman Brothers in APAC and Middle East.

Majority of Lehman's APAC employees have taken the offer.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement
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Re: Lehman LEH

Postby iam802 » Wed Oct 15, 2008 12:17 pm

More for Singapore.

I pass by Robinson Road yesterday evening.. and saw that the new owner of the Lehman property (which is still under construction) is 'Commerce Real'

I assume that is the property arm of Commerce Bank.

For more 'outdated' information on this property

http://www.iht.com/articles/2007/09/19/ ... lehman.php

I wonder will Nomura continue the previous Lehman's plan of using Singapore as the 'global real estate HQ'.
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Re: Lehman LEH

Postby millionairemind » Mon Oct 20, 2008 12:44 pm

Markets hold breath as $360bn Lehman swaps unwind
The $54trillion credit derivatives market faces a delicate test as $360bn worth of contracts on now-defaulted derivatives on Lehman Brothers are due to be settled on Tuesday.


By Louise Armitstead and Peter Koenig
Last Updated: 7:47PM BST 18 Oct 2008

Lehman Brothers' complex network of derivatives will be settled on Tuesday October 22 Due to the opacity of the market, which is one of the most complex, least regulated and least understood in the global financial system, it is still not clear how many contracts have to be settled or which institutions will take the ultimate hits once the billions of dollars worth of contracts have been unravelled. The collapse of Lehman Brothers, is expected to trigger credit default swap (CDS) protection pay-outs of about $400bn but because the contracts were sold many times through different counterparties it is not yet known who will be liable.

One commentator said: “This will be the greatest illustration of the follies of Wall Street and how unnecessarily complicated the wild off-track betting became in the past few years.”

Five years ago Warren Buffett, the iconic American investor, warned that the chaotic profusion of derivatives used by companies and hedge funds to fund financial growth were “financial weapons of mass destruction.’’

Bankers in the City and on Wall Street are bracing for yet another round of turbulence as the contracts are unwound.

The Bank of England and the Federal Reserve in America have said they will keep their special liquidity windows open late on Tuesday night to allow the contracts to settle.

“We’re in unchartered waters here and it may all prove an anti-climax,” said a senior City banker on Friday, “but everyone will be watching the situation and wondering what’s going to happen.”

An earlier auction of Lehman-related derivatives on October 10 prompted early fears that banks and investors could lose $400 billion. In the event, the discounts on the Lehman-related paper that day realised losses of only $6 billion.

At the core of Tuesday’s cash exchange between banks stands a quasi-insurance product, the credit default swaps. Investors buy CDS’s to protect themselves against the possibility of default on securities issues by firms such as Lehman. During the boom years, banks’ insurers and hedge funds created and sold CDS’s to raise what appeared to be risk-free cash in the form of premium payments.

On September 16, Lehman filed for bankruptcy, leaving them obliged to payout on CDS’s written to protect investors against the possibility of a default on Lehman paper.

City bankers say that Lehman also holds a portfolio of CDS’s written to protect against other institutions defaulting and these, too, could get caught up in Tuesday’s action.

“This will arguably be the biggest cash-exchange day and somebody will fail,” one analyst warned last week.
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Re: Lehman LEH

Postby kennynah » Mon Oct 20, 2008 6:57 pm

how ah like dat? ah bengnanke or ah pohsan really not lifting a finger ah ??? :?:
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Re: Lehman LEH

Postby winston » Sun Nov 02, 2008 9:17 am

Stats of the week: US$1.6b

Estimated cost for lawyers, accountants, and other professionals hired to handle the Lehman Brothers bankruptcy – the largest bankruptcy in history
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Re: Lehman LEH

Postby millionairemind » Tue Nov 04, 2008 9:41 pm

Sounds like our minibond fiasco.

Lehman Good-for-Retirement Notes Worth Pennies for UBS Clients

By Bradley Keoun and David Scheer

Nov. 3 (Bloomberg) -- UBS AG, Switzerland's largest bank, faces dozens of claims in the U.S. from clients who bought ``100 percent principal protected notes'' issued by Lehman Brothers Holdings Inc. that are now almost worthless.

Six attorneys hired to represent clients in the cases say UBS brokers touted the so-called structured notes as low-risk investments and failed to emphasize they were unsecured obligations of Lehman, which filed for bankruptcy in September. State regulators are fielding so many calls about Lehman's notes they're considering a task force to investigate the sales, said Rex Staples, general counsel for the North American Securities Administrators Association Inc., a group of 67 state and provincial regulators based in Washington.

``The sales pitches were that it's good for retirement accounts, and good for the safe, fixed-income part of people's portfolios as an alternative to owning stocks, because it's less risky,'' said Seth Lipner, a lawyer in Garden City, New York, hired by two holders of Lehman notes sold by UBS, including a 65- year-old accountant who says he lost $1.4 million in retirement savings. ``Of course, it turned out to be more risky.''

Any awards for investors would add to the financial industry's burgeoning costs for compensating individuals who bought supposedly safe investments that crumbled in the credit crunch. Banks and securities firms, including Zurich-based UBS, Citigroup Inc. and Merrill Lynch & Co., already have had to swallow more than $3.6 billion in fines and market losses on auction-rate securities they had to buy back from clients under orders from the U.S. Securities and Exchange Commission and regulators in New York, Massachusetts and other states.

http://www.bloomberg.com/apps/news?pid= ... refer=home
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