A one-year probe into the collapse of Lehman Brothers found â??credible evidenceâ?� that top executives, including the former chief Dick Fuld, approved misleading financial statements and used an â??accounting gimmickâ?� to flatter results.
The FT reports that Athens told banks handling the sale of this weekâ??s â?¬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.