View more on these topics

Nomura buys Lehmans’ European division

Japanese brokerage Nomura has emerged as the winning bidder in an agreement to buy Lehman Brothers’ equities and investment banking arms in Europe and the Middle East.

Nomura says it expects to retain a significant proportion of the 2,500 staff working across the European and Middle Eastern divisions.

Upon Lehmans filing for bankruptcy last week, Barclays bought the US broker-dealer arm of the failed investment bank, and Nomura bought the Asia-Pacific arm of the business.


King offers no solace to the industry

When Sir Howard Davis was top dog at the Financial Services Authority between 1997 and 2003 he liked to describe his role as then chancellor Gordon Brown’s representative on earth.

PMPA to close

The Professional Mortgage Packagers Alliance will close its doors on September 30 2008. In view of current market conditions, the directors of PMPA have decided to relinquish their ownership of the packager alliance and concentrate on the day to day running of their main businesses.The news comes after Vic Jannels retired as the chair of […]

End of era for US banks

America’s last two investment banks Goldman Sachs and Morgan Stanley have changed their status to become bank holding companies.

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]


News and expert analysis straight to your inbox

Sign up