0 minute readThe estate of Lehman Brothers Holdings sued JP Morgan Chase, alleging that the firm helped drive Lehman into bankruptcy by forcing it to give up billions of dollars in cash reserves that it otherwise could have used to stay afloat. The suit, filed Wednesday, says JP Morgan forced the now-failed bank to put up collateral in the days before it collapsed that sapped Lehman of cash that, at the least, would have enabled it to wind down operations in an orderly process.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
How Paris Hilton demonstrated an age-old accounting principle and why this matters for clients
Business theory IRL
As I like to share with my MBA graduate students, the principles of our classes are not just theory. They have real-world (or, as my Gen. Z students say, IRL (in real life)) implications.
-
Making the 7-day refi reality: Why now Is the time to modernize the mortgage process
-
Affordability-first search: Why patent revival puts real estate at a crossroads
-
Here’s why non-QM earned its place at the mortgage dinner table
-
The future of QC: AI, innovation and the human element
-
The path to automation
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
