The Securities and Exchange Commission today charged Barclays Capital Inc. with failing to maintain an adequate internal compliance system to ensure the firm did not run afoul of any federal securities laws after its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
Private equity firms Spectrum Equity and TA Associates have both bought minority stakes in Bats Global Markets from Lehman Brothers Holdings. Financial terms have not been disclosed.
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.
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