http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorSun, 07 Sep 2008 8:57:42 CDThttp://www.newser.com/story/36682/lehman-considers-good-bankbad-bank-split.html?refid=rss_all_defaultLehman Brothers is considering splitting itself into two banks, a “bad bank” to house its $30 billion in troubled mortgage and real estate holdings, and a “good bank” to carry on with the help of a new investor or two, the New York Times reports. The move, which is not unprecedented, may be necessary to re-instill confidence in the beleaguered institution.http://www.newser.com/story/36682/lehman-considers-good-bankbad-bank-split.html?refid=rss_all_defaultFri, 05 Sep 2008 8:58:03 CDThttp://www.newser.com/story/35980/sec-wants-us-firms-to-switch-to-international-accounting.html?refid=rss_all_defaultThe Securities and Exchange Commission is planning to require US companies to switch to international accounting rules, the Wall Street Journal reports. The body voted today to seek public comment on a plan for the transition, which would stagger requirements. Large multinational firms would be expected to voluntarily switch in 2010, prompting an SEC vote in 2011 on making the switch nationwide.http://www.newser.com/story/35980/sec-wants-us-firms-to-switch-to-international-accounting.html?refid=rss_all_defaultWed, 27 Aug 2008 16:40:38 CDThttp://www.newser.com/story/35907/banks-bracing-as-their-own-debts-come-due.html?refid=rss_all_defaultBillions of dollars worth of floating rate notes—vehicles used by banks to borrow money—taken out in 2006 are coming due in the next few months, and the industry is bracing for a wave of bank failures and asset sales as institutions struggle to pay off obligations, the Wall Street Journal reports. As a result, analysts say, credit will tighten further, worsening the US economic slowdown.http://www.newser.com/story/35907/banks-bracing-as-their-own-debts-come-due.html?refid=rss_all_defaultWed, 27 Aug 2008 9:13:19 CDThttp://www.newser.com/story/35742/korean-bank-warned-off-lehman-bros-buy.html?refid=rss_all_defaultThe Korea Development Bank was warned today of rushing into a bid for Lehman Brothers by South Korea’s top banking official, the Financial Times reports. A Lehman investment may constitute too much risk for a state-owned bank, Jun Kwang-woo warned after last week’s news that, though KDB’s talks with the US investment giant hadn’t reach a deal, one was still a “possibility.”http://www.newser.com/story/35742/korean-bank-warned-off-lehman-bros-buy.html?refid=rss_all_defaultMon, 25 Aug 2008 11:38:24 CDThttp://www.newser.com/story/35439/secret-lehman-sale-talks-fail.html?refid=rss_all_defaultSecret talks earlier this month to sell up to half of struggling US investment bank Lehman Brothers to South Korean or Chinese buyers fell apart after last-minutes squabbles over details, the Financial Times reports. The bank, which is expected to announce up to $4 billion in writedowns next month, was said to be asking 50% above its book value.http://www.newser.com/story/35439/secret-lehman-sale-talks-fail.html?refid=rss_all_defaultThu, 21 Aug 2008 9:24:01 CDThttp://www.newser.com/story/35266/recession-may-take-down-more-banks-expert.html?refid=rss_all_defaultThe credit-market slump could take a further toll on the largest US banks, a former chief economist of the International Monetary Fund tells Bloomberg. Claiming “the worst is yet to come,” Kenneth Rogoff says the financial sector “needs to shrink” before the economy will recover, and that institutions must be allowed to collapse as a matter of integrity.http://www.newser.com/story/35266/recession-may-take-down-more-banks-expert.html?refid=rss_all_defaultTue, 19 Aug 2008 15:34:15 CDThttp://www.newser.com/story/35243/lehman-shops-key-unit-in-quest-for-cash.html?refid=rss_all_defaultLehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth, has been a rare bright spot for the company.http://www.newser.com/story/35243/lehman-shops-key-unit-in-quest-for-cash.html?refid=rss_all_defaultTue, 19 Aug 2008 8:07:52 CDThttp://www.newser.com/story/35236/fannie-freddie-take-another-beating-on-bailout-fears.html?refid=rss_all_defaultShare prices of Fannie Mae and Freddie Mac took another precipitous plunge yesterday as investors fear the home mortgage giants will not be able to avoid a government bailout, the Wall Street Journal reports. An article in Barron’s stoked smoldering concerns that the companies will not be able to raise more capital by selling shares and that a Treasury bailout will render existing shares worthless.http://www.newser.com/story/35236/fannie-freddie-take-another-beating-on-bailout-fears.html?refid=rss_all_defaultTue, 19 Aug 2008 7:08:27 CDThttp://www.newser.com/story/35018/cuomo-raises-pressure-on-merrill.html?refid=rss_all_defaultWith Wachovia locked in to buying back $9 billion in auction-rate securities from clients, New York Attorney General Andrew Cuomo has his sights set next on finance titans Merrill Lynch and Goldman Sachs, Bloomberg reports. Cuomo says Merrill faces an "imminent" lawsuit after offering to buy back $10 billion of the bonds, which he says is an unsatisfactory amount. The companies are accused of misleading investors.http://www.newser.com/story/35018/cuomo-raises-pressure-on-merrill.html?refid=rss_all_defaultFri, 15 Aug 2008 16:01:41 CDT