Lehman Brothers

Deutsche Bank May Be on Verge of Lehman Brothers Moment

Following the U.S. Justice Department’s demand for $14 billion to settle a mortgage-backed securities probe, several big hedge funds moved their derivative holdings from Deutsche Bank to other firms to avoid the risk of another Lehman Brothers-style liquidity squeeze.

Deutsche Bank (Hannelore Förster / Getty)

Watch: Trump, Kasich Spar Over Taxes, Lehman Brothers

Republican presidential candidates Donald Trump and Ohio Governor John Kasich got into a confrontation over taxes and Kasich’s time at Lehman Brothers at Wednesday’s Republican part two presidential debate on CNBC. Kasich said, “I’m the only person on this stage


China Just Nationalized $6 Trillion of Stock Losses

China’s stock market had what traders call a “Dead Kitty” bounce on Thursday as the communist authorities dispatched police and security personnel to “encourage” insider-buying and to arrest short sellers. With the Chinese market still highly inflated even after falling $3 trillion in value, China took action last night to “nationalize” about $6 trillion in losses.

Mao (Greg Baker / AFP / Getty)