Articles about Lehman Brothers

The Register breaking news

ATTACK of the ROBOT BANKERS brings stock market to its knees

Automated "predatory" robot bankers caused a number of serious glitches that sent the global financial system shuddering to a halt, researchers have claimed. Boffins from the University of Miami found that squadrons of "ultrafast" and out of control trading algorithms caused major spikes and crashes in the market. These …
Jasper Hamill, 12 Sep 2013
The Register breaking news

FBI recruits former Lehman Brothers IT exec

An ex-IT executive at the failed investment bank Lehman Brothers has been hired by the FBI to be the agency's new technology chief. Chad Fulgham, former senior veep at Lehman, was tapped to wear the FBI's chief information officer hat, a job that's been vacant since mid-October. The FBI said in a statement that Fulgham's …
Austin Modine, 10 Dec 2008
The Register breaking news

Bank of England prescribes 'boredom'

Sterling hit a five-year low against the dollar this morning after Mervyn King, the Bank of England’s governor, admitted that Britain was headed for a recession. The pound is currently resting at just over $1.60, well off its $2.11 12 month high. The slide in sterling will likely make IT products more expensive in the UK, as …
Kelly Fiveash, 22 Oct 2008
The Register breaking news

Famed investor backs away from web-obsessed Microsoft

A well-known hedge-fund manager has hit out at Microsoft’s “overaggressive and almost panicky” attempts to plump up its online investments. David Einhorn, president and founder of Greenlight Capital, yesterday accused Microsoft of suffering from “Google-envy” and said he was giving up on investing in the software giant until …
Kelly Fiveash, 8 Oct 2008
The Register breaking news

Lehman Brothers' India ops saved from economic meltdown

A Japanese financial services outfit has agreed to purchase Lehman Brothers' India-based operational support businesses, rescuing roughly 3,000 people - including 1,200 IT professionals - from the worldwide economic meltdown. The Tokyo-headquartered Nomura Holdings will acquire Lehman Brothers Services India Private Limited, …
Cade Metz, 7 Oct 2008
The Register breaking news

Credit crunch hitting IT mergers

Spending on technology mergers and acquisitions fell by one third compared to the same three months of last year from $58bn to $37bn. Big deals suffered even more than smaller ones - there were only six deals worth more than $1bn between July and September, compared to 11 in the same period last year and 22 such deals in the …
John Oates, 3 Oct 2008
The Register breaking news

HBOS could shift 2,000 IT jobs to India

Halifax Bank of Scotland is considering moving as many as 2,000 backoffice and IT jobs to India. Executives flew out to Bangalore this week to meet possible offshoring partners. According to papers seen by the Mirror, offshore delivery of IT functions is a central part of its cost-cutting plans. The trip by 11 execs cost £45, …
John Oates, 2 Oct 2008
The Register breaking news

Emails show journalist rigged Wikipedia's naked shorts

Two and a half years ago, Overstock.com CEO Patrick Byrne penned an editorial for The Wall Street Journal, warning that widespread stock manipulation schemes - including abusive naked short selling - were threatening the health of America's financial markets. But it wasn't published. "An editor at The Journal asked me to write …
Cade Metz, 1 Oct 2008
The Register breaking news

Thousands more City workers to lose jobs, says CBI

The Confederation of British Industry (CBI) warned today that thousands of City jobs in the UK are set to be lost over the next three months. Tumbling profitability, a slowdown in business negotiations in Blighty’s struggling financial services sector and a major dip in confidence about the current turbulent market conditions …
Kelly Fiveash, 29 Sep 2008
The Register breaking news

Wall Street shudders under Lehman collapse

America's financial institutions were sent reeling Monday, after the country's fourth-largest investment bank, Lehman Brothers Holdings, filed for bankruptcy . When takeover talks by Barclays Plc and Bank of America were abandoned yesterday, the 158-year-old bank collapsed under the subprime mortgage crisis it helped to shape …
Austin Modine, 15 Sep 2008

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