Lehman Brothers

Barclays has this morning confirmed it is in discussions with Lehman Brothers to buy certain assets from the bankrupt bank.

Lehman Brothers' UK structured investments and mortgage subsidiaries are teetering on the brink this afternoon, following the group's overnight bankruptcy announcement.

The FTSE100 has plunged more than 3.6% this morning after US investment bank Lehman Brothers filed for bankruptcy overnight.

Lehman Brothers is actively searching for a white knight to buy the bank with the help of the US government after investors rejected chairman Dick Fuld's plan to split Lehman in two, sending its shares down as much as 42%, The Telegraph reports.

Star bond manager Bill Gross has netted $1.7bn (£968m) in profit after betting against ailing mortgage giants Fannie Mae and Freddie Mac, The Telegraph reports.

Lehman Brothers today unveiled drastic restructuring plans after revealing a third quarter loss of almost $4bn.

The Korea Development Bank is said to be negotiating to buy a 25% stake in troubled US investment bank Lehman Brothers but the deal could be blown apart by the emergence of HSBC as a potential bidder, a major Korean newspaper reported today, according...

The chief financial officer and chief operating officer are to leave their posts at Lehman Brothers.

Lehman Brothers has warned the oil sector could be heading for a crisis similar to the dot.com collapse of 2001.

Lehman Brothers' Mortgage Capital Business has announced Paul Hunt will join the firm as director of marketing.