A bankruptcy judge late Wednesday approved Barclays' $1.7 billion purchase of certain Lehman Brothers Holdings Inc. assets. (AP)
“These (Omani) banks have no transactions with or relations to Lehman Brothers, so there is no risk.” Lehman Brothers has filed for bankruptcy,
The Kuwait Banking Association said local lenders were not affected by a global turndown of stock markets after US bank Lehman Brothers filed for bankruptcy
"Pushing false rumours designed to harm a company, such as by forcing a share price down, is illegal," said ASIC.
significant write-downs from indirect exposures to Lehman Brothers, on top of any charges arising from the Big Four banks' combined direct exposure to the failed US investment bank of up to $400 million.
NAB, according to JPMorgan, could "continue to keep its eyes closed tight and pretend this is not a problem".
ratepayers could lose millions
clipped from: news.google.com.au