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Lehman Brothers

Shoppers in Beijing. Our “stuff-obsessed” lifestyles are simply unsustainable. Photo: AFP

Climate change

Outside In | The world is speeding to hell in a shopping cart

We need to move away from consumerism and find better measures of economic progress – if we want to avoid a climate catastrophe

24 Aug 2024 - 6:03AMvideocam

Millionaires and billionaires

5 of New York’s richest billionaires – net worths, ranked: from media to tech

3 May 2024 - 5:00AM

Fame and celebrity

Nick Loeb’s ‘weird’ battle for ex Sofía Vergara’s embryos, aka ‘his daughters’

29 Feb 2024 - 6:00AM

China economy

Opinion | How China’s stock rout was 8 years in the making

In 2015, Xi’s men pulled out all the stops to halt the financial haemorrhaging. This time, amid debt and property crises and doubts over reforms, investors wonder why Beijing has been dragging its feet.

24 Jan 2024 - 5:30AMvideocam

China's economic recovery

China’s ‘Lehman Moment’? Which domino will fall next as property crisis grows?

Struggles by China Evergrande Group and now Country Garden have underlined the problems faced by China’s property sector, leaving investors, homebuyers and economists to ponder what will be next.

23 Aug 2023 - 3:42PMvideocam

Hong Kong economy

Letters | Cryptocurrency chaos an ideal time for Hong Kong to develop market rules

Readers discuss why Hong Kong’s announcement of a policy statement on virtual assets is timely, and the need for more scrutiny for companies under the technology voucher programme.

15 Nov 2022 - 11:30AM

Hong Kong at 25

July 22, 2009: Bank payouts on Lehman Brothers minibonds to top HK$6 billion

Banks will repay at least HK$6.3 billion to 29,000 people who bought Lehman Brothers minibonds in what is likely to be the world’s largest compensation package for retail investors.

14 Jun 2022 - 10:38AM

Hong Kong investors protest outside Government House last year over minibonds they claim Lehman Brothers misled them into buying. Photo: Felix Wong

Banking & finance

Evergrande default ‘unlikely’ to threaten China’s banking system

An expected default by China Evergrande, the world’s most indebted developer, is worrisome but unlikely to threaten the stability of China’s financial system, according to research analysts.

21 Sep 2021 - 10:48PMvideocam

Energy

One forecast sees Brent crude going as low as US$5 a barrel

Citigroup said its base case is that Brent would average US$17 a barrel or lower in the second quarter, with a bear case of a US$5 average.

20 Mar 2020 - 11:45AMvideocam

Coronavirus pandemic

China set to cut interest rate to offset coronavirus damage

Hong Kong followed the United States, Australia and Malaysia in announcing an interest-rate cut in response to the economic impact of the coronavirus outbreak.

5 Mar 2020 - 2:19PMvideocam

Global financial markets were mixed after the US Federal Reserve’s surprise rate move, with many investors unconvinced that rate cuts alone would be sufficient to stabilise the global economy. Photo: Reuters

Japan

Japan enacts legislation making preschool education free

Bill was passed by the House of Councillors on Friday, amid criticism that the government should first focus on reducing the number of children on waiting lists.

10 May 2019 - 9:26PM

Japanese Prime Minister Shinzo Abe. Photo: Kyodo

Banking & finance

How modern banking practices risk another global financial crisis

Recent disputes in HSBC and Deutsche Bank highlight the banking industry’s disease of risking implosion to focus on big profits.

7 Nov 2018 - 4:22AM

Global Financial Crisis of 2007-2008

Inside Out | Seven lessons learned in the decade since Lehman Brothers crash

9 Sep 2018 - 9:06PM

Global Financial Crisis of 2007-2008

Abacus | Lehman crash, 10 years on: nearly all you read will be wrong

Bankers did not cause the 2008 financial crisis, governments did. And in failing to learn from their mistakes, they have made another crash inevitable

3 Sep 2018 - 9:16AM

Consumers

Why there is a growing demand for mystery shoppers in Hong Kong

26 Jan 2018 - 4:14PM

Industry players said demand for mystery shopping was rising in Hong Kong as more companies look to improving their service quality. Photo Getty/iStock

The View

The View | Have banks learned anything from the 2007 financial crisis?

25 May 2017 - 2:00PM

Banks agree derivatives rule to end 'too big to fail' scenario

The US$700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.

6 May 2015 - 5:14PM

Six years on, we still haven't learned the real lessons from Lehman collapse

On Monday, it will be six years since the collapse of Lehman Brothers. With the US economy still operating below par and Europe struggling to stay above water, the question is whether the right medicine was given after 2008.

28 Sep 2016 - 8:44AM

Our lofty central bankers and regulators have forgotten that finance is a derivative of the real sector. If the real economy is sick, fixing the derivative won't solve the problem. Photo: Bloomberg

China economy

Why China cannot have a 'Lehman moment'

25 Feb 2014 - 5:23AM

Global Financial Crisis of 2007-2008

Scarred by the financial crisis, families around the world play safe with their money

8 Oct 2013 - 12:45PM

Focus

Too big to jail? Inside the failed Lehman inquiry

The Securities and Exchange Commission's (SEC) eight-member Lehman Brothers team, having hit one dead end after another over the previous two years, concluded that suing the bank's executives would be legally unjustified.

6 May 2015 - 5:14PM

Richard Fuld, Lehman's chief executive, faced protests when he testified to Congress in 2008. Neither Fuld nor any other senior executive from a Wall Street bank has faced criminal charges resulting from the crisis. Photo: Reuters

Who suffered most and least from the Lehman crash

As we approach the fifth anniversary of the Lehman Brothers crash in September 2008, we might well ask: have we fixed the problems?

28 Sep 2016 - 8:44AM

Hong Kong stocks plunged after the collapse of Lehman Brothers in 2008. Photo: Robert Ng

Royal Bank of Scotland

RBS agrees to buy back structured notes sold by Lehman at 100pc

RBS is the latest bank to reach a settlement with the Securities and Futures Commission and the Hong Kong Monetary Authority after investigations into whether bank staff mis-sold risky products to customers.

19 Jul 2013 - 5:32AM

Memory of Lehman curbs Hong Kong retail investor access to bonds

If you want to invest in equities, you can buy stocks, mutual funds, exchange-traded funds, warrants and equity-linked notes, along with an array of insurance instruments that link to equity funds.

15 Jul 2013 - 5:05AM

Hong Kong mediation centre aims to end Lehman minibonds investor pain

Although the taxpayer-funded Financial Dispute Resolution Centre has handled far fewer cases than expected in its first 10 months of operation, industry players say it has made banks and brokers handle client complaints more seriously.

20 May 2013 - 4:18AM

Teresa Cheng Yeuk-wah of the Financial Dispute Resolution Centre says mediation can solve investor-broker disputes. Photo: David Wong

18th Party Congress

Talking Points

19 Nov 2012 - 3:24AM

SFC

Plugging the gaps in financial regulation in HK

22 Jul 2013 - 4:41PM

Three Australian councils win case against Lehman Bros unit

21 Sep 2012 - 4:36PM

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Lehman Brothers

Lehman Brothers, one of the largest investment banks in the United States, filed for bankruptcy in the early hours of September 15, 2008, after an exodus of clients, drastic falls in its stock prices and downgrades by credit rating agencies. Its collapse has been described as a key point in the global financial crisis, with some commentators referring to a “Lehmans Moment”.

last updated:

24 August, 2024