Topic: Investment Banking and Securities Dealing
Lehman administrator files record bankruptcy plan
AFP Global Edition
The administrator for failed Wall Street giant Lehman Brothers has filed plans to end the largest bankruptcy in US history, opening the way for the creation of a new company. "The proposed plan represents a fair economic resolution for all Lehman creditors and will accelerate recoveries to creditors," said Bryan ...
Barclays targeted UBS ahead of Lehman buy: report
Reuters US Online Report Business News
NEW YORK (Reuters) - Barclays Plc <BARC.L> considered UBS AG <UBSN.VX> its preferred merger target just weeks before it bought U.S. assets from the collapsed Lehman Brothers Holdings Inc <LEHMQ.PK>, the Financial Times said in its online edition on Monday. A ...
UBS execs net $52mln bonuses for 2009
AFP Global Edition
Swiss bank UBS said Monday that its top executives were awarded 54.9 million Swiss francs (38 million euros, 52 million dollars) in bonuses in 2009 as the total wage bill for senior echelons soared with the bank's return to profit. Members of the group executive board and board ...
BofA looking to expand business in China: report
Reuters US Online Report Business News
NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall Street Journal reported on Sunday, citing people familiar with the situation. According to the Journal, the bank is considering incorporating locally in ...
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