Thursday 09 February 2012 | RSS Feed

 

FROM OTHER NEWS SITES

DAILY TELEGRAPH
David Cameron: link retirment to life expectancy to avoid pensions apartheid - Thu, 09 Feb 2012 13:34:52 GMT

David Cameron: link retirment to life expectancy to avoid pensions apartheid - Thu, 09 Feb 2012 13:40:10 GMT
The Woman In Black, review - Thu, 09 Feb 2012 13:34:52 GMT
Gritting levels could double as weather turns too cold for salt - Thu, 09 Feb 2012 13:34:05 GMT
Harry Redknapp: 'I haven't thought about the England job' - Thu, 09 Feb 2012 13:32:25 GMT
Leveson Inquiry: Heather Mills denies playing voicemails to Piers Morgan - Thu, 09 Feb 2012 13:31:13 GMT
Is Lana Del Rey scared to step out on stage? - Thu, 09 Feb 2012 13:00:09 GMT

FINANCIAL TIMES
Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:42:51 GMT

Bank of England lifts stimulus by £50bn - Thu, 09 Feb 2012 12:49:37 GMT
Euro loses early gains on Greek deal delay - Thu, 09 Feb 2012 12:42:51 GMT
Thomson Reuters hit by $3bn goodwill charge - Thu, 09 Feb 2012 13:57:25 GMT
Rio Tinto takes $9bn hit on Alcan deal - Thu, 09 Feb 2012 08:01:57 GMT
US banks near $40bn housing deal - Thu, 09 Feb 2012 02:18:08 GMT
Rolls-Royce pre-tax profits up 21% - Thu, 09 Feb 2012 09:34:14 GMT

BBC NEWS
BBC News - Business - Thu, 09 Feb 2012 10:25:36 GMT

BBC News - Business - Thu, 09 Feb 2012 12:51:04 GMT
Bank injects £50bn into economy - Thu, 09 Feb 2012 10:25:36 GMT
UK trade gap smallest since 2003 - Thu, 09 Feb 2012 00:01:32 GMT
Real still top football rich list - Thu, 09 Feb 2012 13:52:04 GMT
Greece leaders agree cuts package - Thu, 09 Feb 2012 13:00:58 GMT
ECB leaves euro rates unchanged - Thu, 09 Feb 2012 13:20:52 GMT
Holiday protection to be expanded - Thu, 09 Feb 2012 11:02:05 GMT
 
 

Lehman Brothers files for bankruptcy protection

Following a weekend of trying to find a rescue deal Lehman Brothers has filed for chapter 11 bankruptcy to give it protection from its creditors.

15 September, 2008

It is believed that potential buyers walked away after Hank Paulson said that the US government would not guarantee Lehman's liabilities as it had done with Bear Stearns earlier this year and with Fannie and Freddie last week.

Potential suitors who would have had to find $35bn to shore up the company's balance sheet are believed to have included Barclays and Bank of America, the latter going on to tie up a deal to buy Merrill Lynch, which was announced earlier today.


More breaking news

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Rental demand reaches record levels
Short term equity release by 2014
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