Lehman sues Marubeni for Y35bn
Lehman Brothers filed suit against one of Japan's biggest trading firms for $352m after the US investment bank fell victim to an alleged fraud perpetrated by two former employees of
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Archive March/2008
Investors pull almost $100bn out of equity funds
Outflows reached $98bn in the quarter ending March 28, a record shift that accelerates a longer-term trend away from US and western European stock markets
BofA may scrap prime brokerage unit sale
Bank of America is considering scrapping the sale of its equities prime brokerage business, after receiving only lukewarm interest from potential bidders including Barclays Capital of the UK and France's
Bush and Brown in push to deal with crisis
George W. Bush, US president, and Gordon Brown, UK prime minister, have agreed to step up co-operation over the crisis in financial markets
Paulson faces tough fight over reforms
Hank Paulson is likely to face a tough bureaucratic and political battle to implement many of the Treasury's plans to revamp US financial regulation
S&P cuts FGIC rating to junk
The challenges facing FGIC have deepened after Standard & Poor's cut the bond insurer's rating into junk territory and said the insurance provided by FGIC was now in effect worthless
Inflation risk forces China to act on currency
With inflation hitting a 12-year monthly high of 8.7 per cent in February, the currency has moved to centre stage as a policy instrument for Beijing
BA to cancel hundreds more flights from T5
British Airways expects to cancel hundreds more flights at its global hub at London Heathrow airport this week, as it battles to overcome baggage handling and other operating problems at
Administration Pushes Regulatory Changes (AP)
The Bush administration is trying to confront the credit crisis that has rattled nerves from Wall Street to Main Street by proposing wholesale changes in how Washington oversees the financial
Malware Cited in Supermarket Data Breach (AP)
Unauthorized software that was secretly installed on servers in Hannaford Bros. Co.'s supermarkets across the Northeast and in Florida enabled the massive data breach that compromised up to 4.2 million