Other private equity groups understood to be considering the purchase of
Neuberger Berman, the successful fund management business acquired by Lehman
four years ago, include Blackstone and TPG, The Times reports.
Dick Fuld, Lehman Brothers chairman and chief executive, is considering a
range of options for Lehman’s future, including the sale of Neuberger or the
disposal of a stake in the entire bank.
Neither Lehman nor Wall Street believes a sale of the entire bank is an
option because of the question mark over the way the bank’s assets should be
valued and the lack of buyers prepared to take on such a substantial business.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements