TIMESONLINE: Nomura and Barclays table bids today for US giant’s London operation as bank’s administrator likens collapse to Enron
STAFF at Lehman’s New York office who helped to cause the world’s biggest corporate bankruptcy are to share in a $2.5 billion bonanza.
The bonus, which has been described by London staff as a “scandal” has been pledged by Barclays Capital, the British-based bank that last week acquired Lehman’s American operation and took on 10,000 staff.
The $2.5 billion (£1.4 billion) pot, which has been ring-fenced as part of the acquisition, has caused huge resentment among the 5,000 staff in the firm’s European and Middle Eastern operations who are not guaranteed to be paid after this month.
There are, however, hopes that half the jobs in Lehman’s Canary Wharf office could be saved today by either Barclays or Nomura. Bids are being submitted for its UK equities and investment-banking business. Fury at $2.5bn Lehman Bonus >>> By John Waples and Danny Fortson | Septemebr 21, 2008
MAIL Online:
FBI Launches Investigation into Collapsed Finance Giants: The FBI is investigating four major U.S. financial institutions whose collapse has forced George Bush's administration to launch a $700 billion bail-out.
Federal investigators are said to be looking at potential fraud by mortgage finance giants Fannie Mae and Freddie Mac, investment bankers Lehman Brothers and insurers AIG.
The probe, still in its opening stages, will focus on the financial institutions and their top managers. >>> | September 24, 2008
LE FIGARO:
Le FBI enquête sur les géants de la finance : L'agence gouvernementale américaine recherche de possibles fraudes, notamment dans les sociétés Fannie Mae, Freddie Mac, AIG ou encore Lehman Brothers. >>> J.B. (lefigaro.fr) Avec AP et AFP | 24.09.2008
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