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莱曼要倒闭了

Bank of America Said to Walk Away From Talks to Buy Lehman

By Margaret Popper and Yalman Onaran

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Sept. 14 (Bloomberg) -- Bank of America Corp. abandoned talks to buy Lehman Brothers Holdings Inc., according to a person with knowledge of the matter, less than three hours after Barclays Plc said it wouldn't buy the faltering investment bank.

Bank of America, the biggest U.S. consumer bank, and Barclays, the U.K.'s third-largest lender, had been among the leading candidates to acquire all or parts of New York-based Lehman.

The two potential bidders pulled out amid a third day of emergency negotiations led by the U.S. Treasury and Federal Reserve, Leigh Bruce, a spokesman for London-based Barclays, said in a phone interview today.

The U.S. government is racing to find a solution for Lehman before markets open tomorrow, two people familiar with the situation said. Barclays walked away because it couldn't get guarantees from the government or agree on a private-sector deal to mitigate what it called Lehman's ``open-ended'' trading obligations.

Led by Chief Executive Officer Richard Fuld, Lehman may be forced to liquidate unless buyers step up for all or part of the 158-year-old company, U.S. Treasury Secretary Henry Paulson and Tim Geithner, head of the New York Federal Reserve, told the chiefs of Wall Street's biggest firms at a meeting Sept. 12. Paulson said he was reluctant to use government money to rescue Lehman.

To contact the reporters on this story: Yalman Onaran in New York at [email protected].

Last Updated: September 14, 2008 16:01 EDT

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* Banks, Brokerages Prepare for Possible Lehman Bankruptcy Before Midnight

* Barclays Abandons Talks to Buy Lehman, Says It Can't Get Credit Guarantees

* ISDA Statement on Special Net Trading Session for Lehman Derivatives: Text

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莱曼要倒闭了

复莱曼要倒闭了

家园

最有可能的两个公司都谈崩了 ISDA今天开市准备

莱曼倒闭了

复最有可能的两个公司都谈崩了 ISDA今天开市准备

家园

ISDA CONFIRMS NETTING TRADIN

ISDA CONFIRMS NETTING TRADING SESSION

FOR OTC DERIVATIVES

NEW YORK, Sunday, September 14, 2008– The International Swaps and Derivatives Association (ISDA) confirms that a netting trading session will take place between 2 pm and 4 pm New York time for OTC derivatives on Sunday, September 14, 2008. The product classes involved are credit, equity, rates, FX and commodity derivatives. The purpose of this session is to reduce risk associated with a potential Lehman Brothers Holding Inc. bankruptcy filing.

Trades are contingent on a bankruptcy filing at or before 11:59 pm New York time, Sunday, September 14, 2008. If there is no filing, the trades cease to exist. These trades are subject to a protocol which is being distributed by ISDA. Traders should execute the protocol and return to ISDA.

About ISDA

ISDA, which represents participants in the privately negotiated derivatives industry, is among the world’s largest global financial trade associations as measured by number of member firms. ISDA was chartered in 1985, and today has approximately 850 member institutions from 56 countries on six continents. These members include most of the world’s major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the Association's web site: www.isda.org.

复莱曼要倒闭了

家园

这么晚我还在盯着新闻告诉大家没人给朵花啊？

看贴要回贴

复莱曼要倒闭了

家园

中投可能会介入

Top Wall Street executives met Treasury Secretary Hank Paulson and New York Fed president Tim Geithner at the New York Fed on Friday evening to discuss the crisis at Lehman Brothers.

John Mack, chief executive of Morgan Stanley, and John Thain, chief executive of Merrill Lynch, were among those present at the meeting, which lasted for two hours.

The Friday meeting comes as Lehman faces a weekend of desperate negotiations as executives battle to arrange a rescue bid for the 158-year-old US bank.

Bank of America is seen as the leading candidate to buy Lehman. It is considering a possible joint takeover bid with JC Flowers , the financial investor, and China Investment Co, the Chinese sovereign wealth fund. UK bank Barclays is also interested.

Christopher Flowers, a former Goldman Sachs partner who is close to BofA, manages about $3.2bn of CIC’s money in a fund dedicated to taking stakes in financial institutions.

A senior executive at CIC declined to comment. BofA and Lehman declined to comment. Mr Flowers could not be reached.

巴克莱谈得怎么样？

复莱曼要倒闭了

家园

通宝

你意外获得【通宝】一枚

谢谢：作者意外获得【通宝】一枚

鲜花已经成功送出。

此次送花为【有效送花赞扬，涨乐善、声望】

Lehman outlook dims although government, Wall Street bankers talks continue

http://biz.yahoo.com/ap/080914/lehman_brothers.html

复中投可能会介入