Friday, 25 July 2014
Last updated 14 hours ago
Apr 17 2013 | 2:02pm ET
Lehman Brothers' hedge fund clients are poised to be repaid more than four years after the investment bank collapsed.
A federal bankruptcy court yesterday approved trustee James Giddens' plans to repay banks and hedge funds more than $15 billion. The move will "set the stage" for customers to get all of their money back, Giddens said.
That money has been frozen since Lehman declared bankruptcy in 2008.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…