Richard Fuld – News Stories About Richard Fuld - Page 2

Sep 15, 2008 7:42 AM CDT

Lehman Files Biggest Chapter 11 Ever

Bankruptcy sends shockwaves through financial world

(Newser) - Lehman Brothers gasped its last breath this morning, filing for Chapter 11 protection in Manhattan under a crushing $613 billion in debt, the largest—and potentially most frightening—bankruptcy in US history, reports Bloomberg. Experts say the filing is likely to trigger a domino effect in the US economy.

Lehman: Finding
a Buyer Will Be Tough

analysis

Sep 11, 2008 8:30 AM CDT

Lehman: Finding a Buyer Will Be Tough

Experts worry there may be no one that can put the big deal together

(Newser) - Lehman Brothers is in the same bind as home sellers in a tight real estate market: they have a great asset for sale, but nobody has the money to buy, reports Bloomberg. The bank hopes to auction 55% of its asset-management fund, but experts say interested investors may not be...

Lehman to Sell Off Assets;
Faces Record $3.9B Loss

Sep 10, 2008 8:09 AM CDT

Lehman to Sell Off Assets; Faces Record $3.9B Loss

Company to dump commerical real estate holdings, slash dividens

(Newser) - Facing a record third-quarter loss of $3.9 billion, beleaguered investment bank Lehman Brothers is planning a fire sale of assets to help shore up its sagging capital base, reports the Wall Street Journal. The company said it would spin off its commercial real estate holdings, and auction of a...

Lehman Bros. Pondering Privatization

Jul 15, 2008 10:58 AM CDT

Lehman Bros. Pondering Privatization

Its stock in downward spiral, ailing firm looks to stave off scavengers

(Newser) - Lehman Brothers’ CEO is considering ways for the company to privatize itself, the New York Post reports. The financial-services firm has seen its share price fall 79% this year—including 15% yesterday—and Richard Fuld is hoping to ward off bargain-hunters. "The idea is why sell to someone else...

Lehman Loses $2.8B; CEO Faces the Music

Jun 16, 2008 11:30 AM CDT

Lehman Loses $2.8B; CEO Faces the Music

Post-shakeup, 'now my job to make sure that we execute,' Fuld says

(Newser) - A week after skipping Lehman Brothers' first announcement of its $2.8-billion second-quarter loss, CEO Richard S. Fuld took the microphone himself today to made it official, attempting to reassure analysts and shareholders in the wake of the bank's executive shakeup. "It’s now my job to make sure...