#Lehman

Lehman’s resistance to risk management played a major role in its downfall, according to the firm’s former chief risk officer, Madelyn Antoncic. …Read More

After refusing to bail out Lehman Brothers, the government agreed to an $85 billion loan to insurance giant AIG, effectively taking over the company.…

When Richard "Dick" Fuld took charge of Lehman Brothers as CEO in 1994, the firm was famous on Wall Street for the bitter internal feud between traders and investment bankers that had cost Lehman its independence a decade earlier.…