A one-year probe into the collapse of Lehman Brothers found ??credible evidence? that top executives, including the former chief Dick Fuld, approved misleading financial statements and used an ??accounting gimmick? to flatter results.
The FT reports that Athens told banks handling the sale of this week??s ?5bn Greek bond issue to make sure they did not allocate any bonds to hedge funds or any bodies that might be a proxy for them.
Simon Properties acquires General Growth Properties (Headlines)
Simon Properties yesterday made an unsolicited $10bn bid for General Growth Properties, a rival mall operator that is trying to emerge from bankruptcy protection.