In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.
Thursday, 1 Oct 2009 | Source: The Associated Press
The chief executive of North Carolina-based RBC Bank is retiring. The U.S. subsidiary of Royal Bank of Canada spacer announced Thursday that 51-year-old Scott Custer will retire at the end of October