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Laura Lynch profiles a former Lehman Brothers employee in London who’s found a new life as a handbag designer. Her latest creation? A luxury bag that’s lined with emergency bags from Lehman Brothers. Download MP3
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President Barack Obama has called on Congress to approve an overhaul of the US regulatory regime. In a speech marking one year since the collapse of Lehman Brothers bank, he also mounted a vigorous defense of his administration’s economic policies. Marco Werman talked with the BBC’s Economics Correspondent Andrew Walker (AP Photo/Alex Brandon) Download MP3 Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
There’s been speculation that we’re watching the demise of Wall Street dominance, that foreign banks may swoop in and steal business and talent from weakened American banks. Will New York remain the center of banking? The World’s Jason Margolis looked at that question. Download MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Download MP3Steven Pearson and Tony Lomas are from the accountants PricewaterhouseCoopers. One year ago they were appointed as the administrators of Lehman Brothers European operations. Suddenly the high testosterone investment bank was under the control of outsiders with a very different working culture. In this edition of the BBC World Service program Business Daily, Steven Evans joins Pearson and Lomas in Lehman’s former London headquarters.
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Before the collapse of Lehman Brothers, the financial services firm was the proud owner of a multi-million dollar art collection. Part of this collection will now be auctioned off by Freeman Auctioneers of Philadelphia. The BBC’s Lawrence Pollard took a look at the impact of the financial downturn on the fine arts. Download MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.