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Last updated: 08:43:57 Thursday Aug 21, 2008


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  • Lehman outlook dims on failed sale report
    LONDON (Reuters) - The outlook for Lehman Brothers Holdings Inc (LEH.N) darkened further on Thursday as a newspaper reported that an intended asset sale had collapsed and a Citigroup analyst forecast big losses for the group.   Activities:2007 Global Credit Crunch   2008-08-21

    Ex-hedge fund manager ordered to pay $300 million
    BOSTON (Reuters) - A former hedge fund manager was ordered to pay nearly $300 million for having cheated clients by sending out fake account statements, the Commodity Futures Trading Commission said on Tuesday.   Nations:Canada   Source:(Reuters)   2008-08-19

    Citigroup faces formal SEC probe, state subpoenas
    NEW YORK (Reuters) - Citigroup Inc (C.N) on Friday said the U.S. Securities and Exchange Commission has opened a formal probe into possible violations of federal securities laws in connection with the sale of auction-rate securities.   Source:(Reuters)   2008-08-01

    SEC issues emergency rule to limit short sales
    WASHINGTON/NEW YORK (Reuters) - Securities regulators issued an emergency rule on Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae (FNM.N) and Freddie Mac (FRE.N).   2008-07-15

    Hedge fund scammer tells NY judge he tried suicide
    NEW YORK - The hedge fund cheat who faked his death before going on the lam told a Manhattan judge Thursday that he tried to kill himself with a drug overdose before he surrendered in Massachusetts.   Nations:U.S.   Source:(AP)   2008-07-03

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