Lehman Brothers

Asset management group Neuberger Berman is re-branding its Dublin-domiciled mutual funds business following its employee-led buyout from Lehman Brothers in May.

Credit Suisse is offering to pay SwFr50m (£29.5m) to around 1,700 of its wealthy customers who bought capital-invested products sold by Lehman Brothers.

Fidelity Global Special Situations fund manager Jorma Korhonen blames last autumn's financial crisis including the collapse of Lehman Brothers for his portfolio's significant underperformance.

Legal & General (L&G) has defended its decision to delay contacting investors to tell them they face losing up to 20% of their combined £33m investment in structured products backed by Lehman Brothers.

The Investment Management Association (IMA) is calling on the FSA to investigate what it calls weaknesses with default arrangements in cash equity markets "as a matter of urgency".

The Bank of England faces a chorus of demands to take radical action on interest rates by making a 1 percentage point cut this week to avert the threat of a lengthy recession, according to a report in The Daily Telegraph.

Barclays Wealth's fears over a backlash against structured products in the wake of Lehman Brothers' collapse have proved unfounded, with the company posting record sales in September.

The FBI is trying to pin down whether executives at four American financial institutions, believed to have triggered the $700bn proposed bail-out of Wall Street, lied to shareholders, it emerged yesterday, The Times reports.

A large Japanese bank is considering buying up to 20% of troubled Wall Street bank, Morgan Stanley.

The abrupt falls of both Lehman Brothers and HBOS have highlighted the shortcomings of the credit rating system, providers warn.