Attorney General Andrew M. Cuomo today filed a Martin Act lawsuit against Ernst & Young LLP ("E&Y"), charging the accounting firm with helping Lehman Brothers Holding, Inc. ("Lehman") engage in an accounting fraud involving the surreptitious removal of tens of billions of dollars of fixed income securities from Lehman's balance sheet in order to deceive the public about Lehman's true liquidity condition.
UNX, a leading provider of innovative trading technology solutions, has appointed Thomas Kim as Chief Executive Officer.
Isabelle Jenkins, Financial Services Technology partner at PwC, talks with Finextra about the 'massively complex' IT administration project going on at the former Lehman Brothers and how that project has broader implications for the financial industry at large.
Numerix announced today that it was selected by Lehman Brothers Holdings Inc. (LBHI) to provide independent real time valuations in the largest, most comprehensive derivatives valuation project of its kind, to date.
The Depository Trust & Clearing Corporation (DTCC) has appointed former Lehman Brothers CIO Bridget O'Connor as managing director and chief technology officer.
Citadel Solutions announced today that it has been selected by Lehman Brothers Holdings Inc. (LBHI) to provide administration services, including the creation of an asset servicing platform.
Nomura has strengthened its grip on the Chi-X Global business with a top tier reshuffle that sees Tony Mackay moved upstairs to the chairmanship and former Lehman exec John Lowrey appointed as chief executive.
The London Stock Exchange has confirmed the appointment of Xavier Rolet as its next chief executive. The former Lehman Brothers man will take over from Clara Furse in mid-May.
When Lehman Brothers went to the wall in September 2008, the industry faced an unprecedented crisis of counterparty risk. How could banks stop ongoing transactions from settling with Lehman when these transactions relied on processes already underway across multiple complex systems within the bank?
Former Lehman Brothers banker Xavier Rolet has emerged as the frontrunner to replace Clara Furse as chief executive of the London Stock Exchange (LSE), according to press reports.
© Finextra Research 2013