#lehman-brothers-collapse

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fromwww.theguardian.com
1 day ago

Central bank bosses enlist for war game to gauge threat of Lehman-style bust

The most senior officials from the US Federal Reserve, the European Central Bank, and the Bank of England are expected to take part in a desktop stress test to respond to another Lehman Brothers-style collapse.
World news
Business
fromFortune
2 days ago

The first wave of bank earnings shows why 'resilience' is Wall Street's favorite word | Fortune

Earnings season reveals banks' strong revenue, restructuring plans, and concerns over private credit exposure amid economic volatility.
UK news
fromLondon Business News | Londonlovesbusiness.com
2 days ago

Personal insolvencies surge 30% as debt relief orders hit record high - London Business News | Londonlovesbusiness.com

Personal insolvencies in England and Wales surged by 30% year-on-year in March, with record debt relief orders indicating financial strain on households.
SF politics
fromReadWrite
2 days ago

CFTC hearing puts prediction markets under pressure

CFTC faces challenges distinguishing prediction markets from sportsbooks amid concerns over market integrity and consumer protection.
fromFortune
5 days ago

Wall Street is the biggest winner of the Iran war - and the S&P 500 just turned positive for the year | Fortune

At 7:46 a.m. Monday, Doornbos had posted on X that Iranian officials were still considering a U.S. proposal to end the war, 'centering around uranium enrichment.'
Media industry
Information security
fromTechCrunch
6 days ago

Trump officials may be encouraging banks to test Anthropic's Mythos model | TechCrunch

Bank executives are encouraged to use Anthropic's Mythos model to detect vulnerabilities, despite its limited access and ongoing legal issues.
fromFortune
1 day ago

The bond market would be a big casualty of the U.S. debt crisis, former Treasury secretary says | Fortune

"That's a dangerous thing," he said Thursday during an interview with Bloomberg TV, describing a scenario where demand and prices for Treasuries fall as foreign interest in the market declines.
Business
#federal-reserve
Non-profit organizations
fromFortune
1 week ago

Fed seeks details on U.S. banks' exposure to private credit firms | Fortune

The Federal Reserve is investigating US banks' exposure to private credit due to rising redemptions and troubled loans in the industry.
Non-profit organizations
fromFortune
1 week ago

Fed seeks details on U.S. banks' exposure to private credit firms | Fortune

The Federal Reserve is investigating US banks' exposure to private credit due to rising redemptions and troubled loans in the industry.
#private-credit
fromFortune
1 month ago
Business

In the $3 trillion private credit market, the 'shadow default' rate is increasing as more money chases lower-quality deals | Fortune

Business
fromwww.businessinsider.com
4 days ago

JPMorgan exec says the bank is 'broadly comfortable' with its $50 billion private credit exposure

Wall Street banks reported significant exposure to private credit, with executives expressing comfort despite scrutiny over loan quality and potential risks.
fromFortune
1 month ago
Business

In the $3 trillion private credit market, the 'shadow default' rate is increasing as more money chases lower-quality deals | Fortune

NYC real estate
fromFortune
1 week ago

Housing is so expensive, even a $87 billion Wall Street bank is giving workers $6.5K in cash to get on the property ladder | Fortune

Many American workers have abandoned homeownership dreams due to a housing crisis, prompting BNY to offer financial assistance for first-time homebuyers.
#new-york-city
NYC politics
fromUSA TODAY
1 week ago

Where's the business exodus from NYC Mamdani critics promised? | Opinion

Claims of a mass business exodus from New York City are exaggerated, with rising demand for office spaces and AI firms driving growth.
fromwww.amny.com
3 weeks ago
NYC politics

Editorial | The flashing warning light for NYC's economy | amNewYork

New York City's economy faces a potential bond rating downgrade due to excessive spending and insufficient returns, risking investor confidence.
NYC politics
fromUSA TODAY
1 week ago

Where's the business exodus from NYC Mamdani critics promised? | Opinion

Claims of a mass business exodus from New York City are exaggerated, with rising demand for office spaces and AI firms driving growth.
NYC politics
fromwww.amny.com
3 weeks ago

Editorial | The flashing warning light for NYC's economy | amNewYork

New York City's economy faces a potential bond rating downgrade due to excessive spending and insufficient returns, risking investor confidence.
Podcast
from24/7 Wall St.
1 week ago

Clark Howard Says Banks Are Benign Drug Dealers, Here Is What He Really Means

Pay in 4 programs are designed to encourage spending by separating payment from purchase, making it easier to accumulate debt.
Business
fromwww.theguardian.com
3 days ago

Big US banks rake in near $50bn profit as Iran war shakes markets

US banks reported nearly $50bn in profits in Q1, driven by increased demand for trading services amid market turbulence from the US-Israeli war on Iran.
Cryptocurrency
fromBitcoin Magazine
2 weeks ago

Wall Street Firms And Crypto Companies To Review Market Structure Proposals

Crypto and banking representatives are reviewing a revised stablecoin yield proposal to resolve regulatory issues surrounding yield-bearing products.
World politics
fromAxios
2 weeks ago

Jamie Dimon's warning: More geopolitical risk for America than since WWII

Business leaders must engage more actively in societal issues, as political solutions alone are insufficient.
London politics
fromwww.bbc.com
3 weeks ago

Traders in limbo as market closes over crime fears

Traders face uncertainty as an indoor market in east London closes due to crime concerns raised by the Metropolitan Police.
World politics
fromnews.bitcoin.com
2 weeks ago

Schiff Warns US Dollar Credibility Collapse Could Trigger Rising Rates, Debt Crisis, and Economic Downturn

Heightened geopolitical tensions and currency concerns are driving increased demand for gold as a safe-haven asset.
Business
fromwww.businessinsider.com
4 days ago

Citi is betting its costly hiring spree will pay off

Citigroup's operating expenses rose 20% as the firm invests heavily in talent to enhance its competitive position in investment banking.
fromLondon Business News | Londonlovesbusiness.com
2 weeks ago

US dollar stable near recent highs - London Business News | Londonlovesbusiness.com

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.
World politics
Business
from24/7 Wall St.
1 week ago

If You Invested $1,000 in Bank of America, Citigroup, or Wells Fargo 10 Years Ago

Bank of America, Citigroup, and Wells Fargo have shown distinct paths in performance and strategy for long-term investors.
Marketing tech
fromWIRED
1 month ago

Wall Street Is Already Betting on Prediction Markets

Prediction markets are gaining institutional adoption in traditional finance as sophisticated investors use them as forecasting tools for trading decisions, with major platforms like Kalshi expanding partnerships with financial firms.
fromFox Business
1 week ago

Jamie Dimon says New York, other cities face worker 'exodus' as lawmakers push higher taxes

No matter who you are, you need to deal with reality and the truth. The truth is that while New York City has much going for it, particularly for financial companies, it also has the highest city and state corporate taxes and the highest individual income and state taxes.
Business
Real estate
fromtherealdeal.com
1 month ago

Syndicator lender Ready Capital reports massive losses

Ready Capital reported a $232 million loss while restructuring its commercial real estate loan book, with stock down 60% and non-accruing loans rising to 25% of its portfolio.
New York City
fromNew York City, NY Patch
1 month ago

Moody's Lowers NYC's Credit Outlook To Negative Due To Budget Gaps

Moody's downgraded New York City's credit outlook to negative due to structural budget imbalances and persistent projected deficits despite favorable economic conditions.
NYC real estate
fromtherealdeal.com
1 month ago

Schlossberg slop: Fear, hope for real estate in Manhattan races

Early polling in the Nadler succession race favors Jack Schlossberg, but historical precedent shows initial frontrunners often lose; the Related Companies' mixed-income NYCHA housing project faces opposition despite tenant support for improved living conditions.
US politics
fromThe New Yorker
1 month ago

How to Prevent Insider Trading on Trump's Wars

Anonymous bets on Polymarket predicting a U.S. strike on Iran, placed hours before the attack, generated over $1.2 million in profits, raising concerns about insider trading and the need for prediction market regulation.
Business
fromEntrepreneur
3 weeks ago

Wall Street Bonuses Hit a Record High. Here's How Much Bankers Made.

The average Wall Street bonus reached a record $246,900 in 2025, driven by a significant increase in industry profits.
Higher education
fromFortune
1 month ago

Former Goldman Sachs CEO got into Harvard at 16, growing up in Brooklyn public housing-he still says college is the best ticket to the middle class | Fortune

College education serves as a wealth equalizer and essential pathway to success, developing complete professionals equipped for career advancement despite AI disruption.
Venture
fromFuturism
1 month ago

Goldman Sachs Head During Financial Crisis Says He "Smells" a Similar Crash Coming

AI companies plan to spend $650 billion in 2026 on data centers, raising concerns about overinvestment, hidden leverage, and potential financial crisis similar to 2008.
East Bay (California)
fromwww.mercurynews.com
1 month ago

Review: Compelling Lehman Trilogy' digs into 2008 subprime meltdown

San Jose Stage's production of The Lehman Trilogy traces three Jewish brothers from Bavaria through American capitalism, from a general store to financial empire, ultimately revealing how unscrupulous practices transformed their name into a symbol of financial ruin.
US news
fromBusiness Insider
1 month ago

The internet is roasting these 4 young Wall Streeters for a glossy magazine spread. One of them is brushing it off.

Four junior Wall Street employees featured in a viral Interview magazine photo shoot wearing designer brands sparked backlash for violating the industry's unspoken rule against flashiness.
NYC politics
fromDailywire
1 month ago

Three Months Into Mamdani's Term, NYC Gets A Big Credit Downgrade

Moody's downgraded New York City's financial outlook to negative due to a projected $5.4 billion budget deficit, though the bond rating remains unchanged.
Business
from24/7 Wall St.
3 weeks ago

Goldman Sachs Sees Correction Risks Rising. Here's How to Prepare for a Storm

Goldman Sachs warns of increasing risks for a market correction, with the S&P 500 down nearly 7% from its high.
NYC politics
fromAmerican Banker
1 month ago

NY proposal could boost minority banks' access to state deposits

New York state bills would expand minority and community bank access to state deposits, enabling increased lending in underserved communities.
SF real estate
fromThe Atlantic
1 month ago

The Disappearing American Mortgage

Mortgage applications have reached historic lows, freezing the real estate market and preventing working-class families from building wealth through homeownership while wealthy buyers dominate transactions.
Real estate
fromwww.housingwire.com
1 month ago

The 200-Basis-point gap: Why many lenders are leaving money on the table

A persistent 200 basis point performance gap between top and bottom tier lenders reflects structural industry inefficiency, not cyclical conditions, with top lenders earning 139 basis points while bottom lenders lose 70 basis points.
US news
fromwww.npr.org
1 month ago

Wall Street is betting on tariff refunds after Supreme Court ruling

Wall Street hedge funds are purchasing tariff refund claims from importers at discounts averaging 45 cents on the dollar, capitalizing on uncertainty about refund timing and process following the Supreme Court's tariff ruling.
#deutsche-bank
Law
fromBusiness Insider
1 month ago

An upcoming trial will ask a Manhattan jury a tricky question: how do you feel about Wall Street?

Kathryn Shiber alleges Centerview Partners fired her for being unable to work late due to a mood and anxiety disorder, exposing demanding Wall Street hours.
Artificial intelligence
fromWIRED
1 month ago

Wall Street Has AI Psychosis

A blog post predicting AI-driven unemployment and market collapse in 2028 triggered significant stock market volatility, reflecting widespread anxiety about artificial intelligence's economic impact despite containing no novel predictions.
SF real estate
fromtherealdeal.com
1 month ago

Walker & Dunlop reveals it found $134M of fraud

Walker & Dunlop discovered $134 million in fraudulent Freddie Mac loans across three portfolios involving borrower property flipping schemes, with employees no longer at the firm.
Brooklyn
fromBrooklyn Eagle
2 months ago

Supreme Court declines Emigrant Bank in predatory lending case, in win for homeowners

Supreme Court refusal leaves a $722,000 jury award intact against Emigrant Bank for predatory lending through its STAR NINA program that targeted low-income, minority homeowners.
fromBusiness Matters
2 months ago

Bank of England Governor 'shocked' by Mandelson leaks to Epstein

Asked whether sufficient safeguards exist to prevent those in positions of power from misusing market-sensitive information, Bailey said there was a "very clear" legal framework for dealing with potential breaches and that it was appropriate for the Mandelson allegations to be handled by law enforcement. He also stressed that the focus should remain on Epstein's victims, asking: "How is it that we live in a society that this happened and was allowed to happen?"
UK politics
#debanking
US politics
fromBusiness Insider
1 month ago

Jamie Dimon on Trump's debanking lawsuit: 'I'd be angry, too', but it has no merit

JPMorgan CEO Jamie Dimon acknowledges Trump's anger over account closures but maintains the lawsuit lacks merit, stating banks sometimes must close accounts due to regulatory requirements they cannot disclose.
US politics
fromBusiness Insider
1 month ago

Jamie Dimon on Trump's debanking lawsuit: 'I'd be angry, too', but it has no merit

JPMorgan CEO Jamie Dimon acknowledges Trump's anger over account closures but maintains the lawsuit lacks merit, stating banks sometimes must close accounts due to regulatory requirements they cannot disclose.
Cryptocurrency
fromFast Company
1 month ago

JPMorgan warns a 'parallel banking system' is emerging-and it could put trillions in deposits at risk

Interest-bearing stablecoins function like bank deposits but lack regulatory safeguards, creating systemic risk through an unregulated parallel banking system.
Real estate
fromFast Company
1 month ago

Big banks retreated from mortgages after the 2008 housing market crash-now this Fed governor wants them back

Federal Reserve officials are reconsidering post-2008 regulations that may have pushed mortgage lending from large banks to nonbank lenders, with potential policy shifts ahead.
Business
fromFortune
1 month ago

The $265 billion private credit meltdown: How Wall Street's hottest investment craze turned into a panic | Fortune

Private equity stocks surged dramatically from mid-2023 to early 2025, then collapsed sharply starting September 2024, erasing over $265 billion in market value as retail investors demanded redemptions from private debt funds.
fromBusiness Insider
1 month ago

On Wall Street, even the losers are winners in the battle for Warner Bros. Discovery

The battle for WBD played out amid a pivotal backdrop for Wall Street: a period investment banks hope will mark a full-throated M&A rebound, in which just landing a role on a deal of this size is as useful for one's street cred as actually winning it. Even advisers on the losing side will walk away with hefty fees, boardroom credibility, and proof they belong on the biggest mandates of the coming year.
Media industry
US news
from24/7 Wall St.
2 months ago

Goldman Sachs, JPMorgan, and Citigroup All Plunge Over 5% on Thursday

Major banks suffered sharp intraday losses, with Goldman, JPMorgan, and Citigroup plunging amid heavy institutional selling concentrated in the final trading hour.
fromwww.mediaite.com
2 months ago

Jamie Dimon Warns Trump's Credit Cap Would Lead To Economic Disaster'

Please be informed that we will no longer let the American Public be ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration, Trump wrote on Truth Social, adding AFFORDABILITY! At the World Economic Forum in Davos, Switzerland, Trump confirmed that he planned to ask Congress to pass the cap on credit card interest rates.
US politics
fromForbes
1 month ago

Is NYC Headed For An Irreversible Decline With Mamdani's Tax Threats?

New York's neo-communist mayor Zohran Mamdani's new budget raises a disquieting question: Is Mamdani putting America's foremost city in irreversible decline? During his campaign for mayor, Mamdani didn't disguise his radical intentions or his deep antisemitism. Since winning election, he hasn't moderated his agenda one bit, appointing far-left fringe figures as aides and as heads of city departments. He hasn't missed an opportunity to display his hatred of Israel.
New York City
Higher education
fromAbove the Law
1 month ago

Private Loan Exchange Launches As Federal Lending Tightens The Screws On Law Students - Above the Law

Federal student loan policy changes have reduced graduate student borrowing options, forcing law students toward private loans, prompting AccessLex Institute to launch a nonprofit-curated private loan directory.
US politics
fromFortune
1 month ago

Wall Street shrugs at widely expected Supreme Court tariff ruling | Fortune

U.S. markets reacted mildly to the Supreme Court ruling on tariffs, with mixed index moves, cautious trading, and minimal changes in Treasury yields.
#goldman-sachs
US news
fromwww.theguardian.com
2 months ago

Will the Epstein files tarnish the reputation of Jamie Dimon, America's banker?

Jamie Dimon testified he first learned of Jeffrey Epstein in 2019, despite Epstein banking with JPMorgan from 1998–2013 and extensive flagged suspicious transactions.
Real estate
from24/7 Wall St.
2 months ago

How Investors Should Play The $200B Mortgage Bond Initiative In the US

Raising Fannie and Freddie purchase caps from $40B to $200B aims to boost mortgage liquidity, benefiting underwriters, builders, and retailers while hindering privatization.
US politics
fromFortune
2 months ago

Jamie Dimon warns that the $38 trillion national debt is 'not sustainable' and it's one of two 'tectonic plates' that may crash in the near future | Fortune

Ballooning U.S. national debt and geopolitical volatility threaten financial stability; unchecked borrowing is unsustainable, will elevate interest costs and risk an economic crisis.
Real estate
fromwww.housingwire.com
2 months ago

Emigrant Bank's predatory lending loss upheld by Supreme Court

Jury found Emigrant liable for reverse redlining after marketing predatory loans with 18% default interest to Black and Latino New York City homeowners.
Business
fromBig Think
1 month ago

Inside Wall Street's 2008 meltdown, through the eyes of an FBI informant

During the 2008 financial crisis, an FBI informant purchased a house on the day Lehman Brothers collapsed, facing financial precarity while maintaining a secret double life.
#trump-lawsuit
Business
fromBusiness Matters
1 month ago

Morgan Stanley to axe 2,500 jobs despite record revenues

Morgan Stanley cuts 2,500 jobs globally despite record $70.65 billion revenues and 26% net income growth, reflecting sector-wide tension between financial performance and cost reduction.
Business
fromBusiness Matters
2 months ago

Barclay brothers given six weeks to strike deal to avoid bankruptcy

Howard and Aidan Barclay must secure creditor-backed IVAs by 17 March or face potential bankruptcy after HSBC launched proceedings over Logistics Group debt.
Business
fromBusiness Insider
1 month ago

Union calls for SEC inquiry into Apollo's 'misleading' Epstein ties

The American Federation of Teachers asked the SEC to probe Apollo Global Management over potentially misleading disclosures about firm partners' connections to Jeffrey Epstein.
Business
fromBusiness Insider
1 month ago

Wall Street's Rainmakers: The 20 bankers who hammered out 2025's biggest deals

A concentrated group of top M&A bankers advised competing bids for Warner Bros. Discovery, fueling a revived Wall Street M&A boom and substantial deal revenue.
Business
fromBusiness Insider
2 months ago

How this job went from the Wall Street equivalent of a used car dealer to the hottest gig for 2026

Secondary-market advisory and continuation-vehicle deals have become a major growth area as investment banks expand teams to capture rising private-equity liquidity demand.
Business
fromFortune
2 months ago

Wall Street celebrates the end of Trump's Greenland drama and is hoping the Supreme Court will kill the rest of his tariffs | Fortune

S&P 500 rose 0.55% on stronger GDP and reduced tariff risk; analysts note lower realized tariffs, bullish outlook, and a 4.4% Q3 GDP revision.
Business
fromBusiness Insider
1 month ago

Goldman Sachs' top DEI executive exits for rival as Wall Street retreats from diversity under the Trump administration

Goldman Sachs' chief diversity officer Megan Hogan departed to Morgan Stanley as Wall Street retreats from diversity and inclusion commitments under the Trump administration.
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