Lehman Brothers

Thursday newspaper round-up: Lehman Brothers secretly borrowed billions of dollars from the US Federal Reserve months before the investment bank filed for bankruptcy, it has emerged.

In the immediate aftermath of the collapse of Lehman Brothers in September 2008, American economist Leigh Skene addressed a lunch organised by Investment Week for family offices and their advisers.

Lehman Brothers Holdings is claiming $500m from Barclays for allegedly failing to pay all the bonuses it agreed to when it bought the defunct investment firm's North American business.

Former Lehman Brothers subsidiary Neuberger Berman has launched the largest investment trust of the year so far.

Veritas manager Ezra Sun looks at the impact QE2 will have on the Asian markets.

Ernst & Young (E&Y) "sat by silently" as Lehman Brothers tried to hide its financial problems from investors in the months before its collapse, US prosecutors have alleged in a lawsuit.

The FTSE 100 is expected to receive a powerful boost from strong US markets overnight which hit highs last seen before the collapse of Lehman Brothers two years ago.

BANK SYSTEM STILL FLAWED

London's leading index of shares added to yesterday's triple-digit gains in early trading on Friday, before dipping into negative territory.

On the second anniversary of the Lehman Brothers downfall, the investment bank roared back onto the front pages of the business press.