Tags: Lehman Brothers
HSBC and JPMorgan Chase Must Increase Their Cash Reserve According to New Rule
When Lehman Brothers collapse in 2008, it created a global economy setback. Global financial authorities work hard to prevent it from recurring. Now, they introduced new rules for the world's biggest banks to increase their cash reserve and avoid taxpayers bailouts.
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
The Financial Conduct Authority banned Weaving Capital (UK) Ltd. Founder Magnus Peterson from working in the financial industry as part of a closure in one of the biggest scandals in the country.
Stifel in lead to buy Barclays' U.S. wealth unit - sources
Investment bank Stifel Financial Corp (SF.N) is in advanced negotiations to acquire Barclays Plc's (BARC.L) U.S wealth management unit, according to three people familiar with the situation.
Russian central bank buys up domestic gold output as sanctions bite
Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.