Lehman Brothers

  • News

    Charlie Gasparino Thinks You (r Bosses) Are All Pussies

    Charlie Gasparino’s latest column for Trader Monthly is about everyone’s favorite topic/bank that just won’t die: Lehman Brothers. Specifically, the fate of LEH CEO Dick Fuld. Friends say he’s “tiring out” and many believe his days at the firm are numbered, whether or not the institution goes under or gets broken up or bought out, […]

    / Sep 3, 2008 at 3:11 PM
  • News

    Good Luck, Credit Suisse

    As many of you are aware, today marks a very momentous occasion. I am not referring to Jorge Soros finally being appointed to the NAMBLA executive committee, though it is indeed cause for celebration and we’ll have more on that later. Right now we’re talking about a lady named Erin Callan, who rejoins the workforce […]

    / Sep 2, 2008 at 10:23 AM
  • News

    Lehman Brothers: Now Hiring

    Anyone need a job? You’d think the matter of canning 1,500 employees yesterday would’ve meant LEH not being up for much in the way of new hires for a while but you’d think wrong. They are back in the saddle and eager to have you and yours, Thursday afternoon’s gutting having created more than enough […]

    / Aug 29, 2008 at 11:29 AM
  • News

    Lehman Brothers Sorry, For Everything

    The Wall Street Journal reports that Lehman Brothers recently apologized to clients for ripping off parts of a Sanford Bernstein research report without attribution back in March. In a note sent last week, the bank admitted that the research in a paper on the semiconductor industry “closely resembled” that of analyst Toni Sacconaghi. A Bernstein […]

    / Aug 28, 2008 at 11:12 AM
  • News

    KDB To Buy Brothers?

    Reuters reports that woodland creature Dick Bove may have been on to something yesterday when he upgraded Lehman Brothers to a buy due to a possible takeover. A spokesman from state-run Korea Development Bank confirmed today that they are “studying a number of options and are open to all possibilities, which could include (buying) Lehman.” […]

    / Aug 22, 2008 at 9:50 AM
  • News

    Bove Upgrades Lehman To Buy, Hostile Takeover “Possible”

    Potential buyers apparently include: “A bank in Canada, Great Britain or Japan.” Bove’s reason for upgrading the stock was not tied to better performance, or rumors of Einhorny joining the board, but, he said, management’s unwillingness to sell out for a ten-spot and a bag of Cheetos. At this juncture, the higher-ups at Lehman are […]

    / Aug 21, 2008 at 1:52 PM
  • News

    Dick Fuld Shot Down

    Turns out the rumblings in Charlie Gasparino’s stomach were correct–the Lehman Brothers CEO has been fired.

    / Aug 20, 2008 at 10:15 AM
  • News

    Gasparino: Dick Fuld Is Racing To Save His Job

    Charlie Gasparino reports that Lehman Brothers’s probable sale of the family jewels is the first in a series of escalating dares the conclusion of which will be Dick Fuld looking for a new job.

    / Aug 19, 2008 at 1:23 PM
  • News

    Confidential To Mike From Lehman: Tara’s Looking For You!

    As you know, things are pretty tense over at Lehman Brothers. If Dick Fuld and the shareholders can’t get lucky, wouldn’t it be nice if at least one of the mini Brohamsters could? Or, depending on how much Tara cares, multiple mini Broheims? It would. If we all drop everything we’re doing, I’m sure we […]

    / Aug 11, 2008 at 10:11 AM
  • News

    Lehman Pushing Assets?

    Charlie Gasparino reports that Dick Fuld is working “feverishly” on a possible sale of the firm’s entire commercial mortgage debt book, missing almost all of the Olympics to do so (though time was made yesterday for beach volleyball, and Erin Callan has been taking copious notes* throughout the weekend that should’ve been on Fuld’s desk […]

    / Aug 11, 2008 at 9:41 AM
  • News

    Lehman To Sell IMD?

    Charlie Gasparino reports that desperate-for-cash Lehman Brothers is considering selling its entire investment management unit (which includes stakes in private equity firms and hedge funds such as DE Shaw and GLG partners), rather than just Neuberger Berman. And as a full-service variety show act, also refers to himself as “just a country reporter,” and gives […]

    / Aug 5, 2008 at 10:48 AM
  • News

    Say It. Just Say It.

    Bartiromo: CAN LEHMAN SURVIVE THIS? Whitney: I — I THINK — I DON’T KNOW. I DON’T KNOW. Future Of Financials [CNBC]

    / Jul 31, 2008 at 9:25 AM
  • News

    Lehman To Sell Neuberger?

    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 […]

    / Jul 25, 2008 at 10:19 AM
  • News

    Credit Suisse: This Is Just Like That Time Citi Was In The Toilet!

    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 […]

    / Jul 24, 2008 at 3:40 PM
  • News

    Tell Lehman How To Fix This Thing

    UBS analyst Glenn Schorr laid out today what he thinks are Lehman’s only options for survival. According to Glenn, LEH must (choose one): Offload a “sizable slug” of its risk assets to a distressed buyer, sell Neuberger Berman, sell the firm outright, go private, enter a strategic partnership with a “credible partner,” or buy back […]

    / Jul 23, 2008 at 1:48 PM
  • News

    Jim Cramer’s “If I Did It”

    “In retrospect, it was so easy to take down Bear.” Related: How To Kill A BankYour Ex-Wife Get Shorties [NYMag]

    / Jul 18, 2008 at 3:35 PM
  • News

    Brad Hintz Doesn’t Buy Lehman Buyout Rumors

    Sanford Berstein analyst Brad Hintz dismissed the idea of Lehman management taking the firm private today, noting that it would be way too costly. “We are skeptical that this is the path that Lehman Brothers would choose to pursue,” Hintz wrote, unless some sort of $2 a share situation could be worked out, he wink-winked. […]

    / Jul 16, 2008 at 9:42 AM
  • Goldman Sachs

    Shocker: Erin Callan to Leave Pity Post at Lehman

    …And join Credit Suisse, where Brady Dougan promises to take full responsibility for his mistakes. At the marginally more successful, slightly less tax-evading Swiss bank in town, Callan will serve as Managing Director and head of its Global Hedge Fund Business, a position created specially for well-heeled woman. Callan’s new gig starts on September 2, […]

    / Jul 15, 2008 at 2:35 PM
  • News

    The Most Important Clarification Of Our Time

    Charlie Gasparino would like you to know that contrary to popular belief, it was not a JPMorgan banker who said “Everybody hates Goldman” at Trader Monthly‘s fight night, it was him. No Sleeves apparently informed the audience of the sentiment regarding GS right before announcing before the winner of the boxing event, and right after […]

    / Jul 15, 2008 at 9:36 AM
  • News

    Lehman Going Private Rumors Circulate

    Could Lehman Brothers go private? There’s been lots of speculation that Lehman Brothers could be a takeover target, although its been hard to find plausible buyers in teh wasteland of Wall Street. (So hard, in fact, some have wondered if Lehman might be taken under–acquired for less than it’s current share price.) Yesterday, Fox-Pitt bank […]

    / Jul 15, 2008 at 9:10 AM
  • News

    Dick Bove Joins The Evil Short Seller Pile-On

    Ladenburg analyst Dick Bove knows who’s to blame for the “pounding” Lehman Brother’s has been taking. Bove told Bloomberg that you needn’t look any further than the wicked short sellers, who are spreading rumors about the bank, in “a concentrated effort to break Lehman,” a campaign he thinks might be successful because “it worked with […]

    / Jul 11, 2008 at 12:51 PM
  • News

    Dick Fuld’s Coping Mechanism

    Lehman Brothers fell 5.2 percent to $16.40 before the official open this morning, and 24 percent this week. Obviously, that’s got to hurt, almost as much as the comparisons to Bear Stearns. But while Big Daddy Cayne’s preferred method of blowing off steam would’ve been to blow off smoke (often times setting off the sprinkler […]

    / Jul 11, 2008 at 10:51 AM
  • News

    LEH Trading Partner Too Big To Let LEH Fail

    So a spokesman for Pimco claims the bond fund continues to trade with Lehman Brothers and Alan Schwartz called from Disneyworld to say nothing is fucked but I needed a little more assurance, the kind that rides in on a Zamboni machine, to allay my fears (I really am worried about all this!) and here […]

    / Jul 10, 2008 at 12:35 PM
  • News

    Platts Suspends Lehman, Provoking Critics

    Yesterday Platts suspended Lehman Brothers from participating in its Singapore oil trading pricing platform, which means that Lehman’s trades aren’t taken into account when pricing benchmarks for oil are set. The suspension came after weeks of mounting concern about Lehman’s credit worthiness, according to sources. Although Platts isn’t normally in the business of credit assessment, […]

    / Jul 8, 2008 at 8:52 AM
  • News

    Awk

    I don’t know how many of you had signed up to hear Erin Callan’s “insights on both the mitigation of risk during volatile market conditions as well as the outlook for Lehman and the industry” tonight at 6:15 but FYI, the event has been cancelled.

    / Jun 30, 2008 at 3:57 PM
  • News

    Lehman Brothers Town Hall Meeting
    “How Are We Going To Get Paid?”

    Yesterday the fixed income group at Lehman gathered in an auditorium at their midtown headquarters for a “town hall meeting,” according to two people who attended the meeting. Most of the meeting was filled with the kind of rah-rah talk that has become common on Wall Street as firms try to boost morale amid layoffs […]

    / Jun 27, 2008 at 2:37 PM
  • News

    Bonus Watch ’08: Lehman Brothers

    Bonuses at LEH are down 100 percent.

    / Jun 27, 2008 at 11:03 AM
  • News

    Did Jimmy Cayne’s Shitty Interpersonal Skills Accelerate The Downfall Of Bear Stearns? One Hedge Fund Manager, Who’s Been In The News A Lot Lately, Says Yes

    Most people, Dick Fuld/Erin Callan/LEH shareholders notwithstanding, agree that porn star and Greenlight Capital founder David Einhorn is a very nice guy and an extremely decent human being. New York magazine’s profile of the man of the hour corroborates the story, with anecdotes from Bill Ackman, who says he’s “a super-high-quality human being,” Greenlight employees […]

    / Jun 16, 2008 at 4:53 PM

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