Philip Chua Business Blog

Posts Tagged ‘lehman brothers’

SOME 13 months ago, just after Lehman Brothers went bust and stocks all over the world were crashing, many fingers of blame were pointed in the direction of short-sellers – particularly those of a naked persuasion.
Such sellers were those who had no shares in their possession but sold anyway, as opposed to ‘covered’ short sellers who borrowed scrip to cover their sales.

In the world of high fina… more

MORE than 165 investors who lost about $20million in total on Minibonds started legal action yesterday against three firms linked to the sale of the failed investment product.
Notice was served on the Royal Bank of Scotland (RBS), Minibond Limited and Lehman Brothers Singapore in what it is hoped will serve as a test case.
They are bankrolling the action on behalf of five investors who lost about … more

It is now one year since the collapse of Lehman Brothers, which filed for bankruptcy on 15 September 2008. It has been a year of an historic decline in economic activity and financial chaos. But it has also been a year of positive surprises once the crisis got ring-fenced and…

AS Wall Street prepares to get back to work tomorrow after today’s Labor Day holiday, which marks the unofficial end to the summer, the question investors face in what is likely to be a volatile month is who will be dominating the action, bulls or bears?
A year ago, investors returned from their end-of-summer weekend to face rampant speculation over Lehman Brothers’ fate and what would soon become… more

NEXT week marks the first anniversary of the shocking demise of United States investment bank Lehman Brothers – a calamitous event which dragged the global financial system to the brink of collapse.
Not surprisingly, the financial media all over the world has been working itself into a frenzy to commemorate the anniversary with verbose write-ups.
But take one glance at the buoyant stock market, an… more

(SINGAPORE) Call it the Hungry Ghost effect, if you will. But it seems that September has historically been a ‘cursed’ month for stock markets.
For example, it was in September last year that 158-year-old Lehman Brothers collapsed and everything fell apart.
Then there was the 1997 Financial Crisis, which began in late August, and got worse in September.
Black Monday of 1987 came after stocks sta… more