Company: Lehman Brothers Holdings Inc

Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc. to recover $2.5 billion the failed investment bank transferred to a backup account at Citi months before seeking bankruptcy court protection.

Lehman Brothers is now co-owner of real estate firm Archstone-Smith, the same entity that played a major role in bringing down the infamous Wall Street bank. The New York Times reports.

Volumes of Samurai bonds — yen-denominated bonds issued by non-Japanese entities — hit a 15-year high in 2011, and could be 20 percent higher in 2012, a Tokyo-based analyst told CNBC.com.

Lehman Brothers Holdings on Tuesday won approval for its reorganization plan, allowing it to end the largest bankruptcy in U.S. history and a major trigger of the 2008 global financial crisis.

Bearish hedge fund managers have reaped some of their biggest gains since the collapse of Lehman Brothers amid the market turmoil triggered by the eurozone debt crisis. The FT reports.

Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.

Many parents are not always certain of what a good college actually is. One thing distinguishing a school is the track record of its graduates. It’s hard to imagine what could be more important than what alumni achieve in the real world. CNBC.com looked at the top ten colleges and discovered which CEOs spent time there as underclassmen.

Investors in China's first overseas investment mutual fund, which failed following the collapse of its former investment advisor Lehman Brothers Holdings Inc, will have their investments fully protected, its fund manager said.

Three years after the collapse of Wall Street bank Lehman Brothers, the market has yet to fully recover, according to a US banks analyst.

A decade later, the financial shock can be seen as one of a half-dozen financial dominoes to befall the U.S. economy in a long boom-and-bust period, but with one key difference — the wound was not self inflicted.

Lehman Brothers will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.

"What we're having right now is panic, indiscriminate selling," says market veteran Art Hogan. "History has proven these are not the days that you want to be selling on."

Financial markets are likely to resume their high volatility in September despite the current period of relative calm, and are approaching "Lehman levels" of stress following the downgrade of the US  by credit ratings agency Standard & Poor's, according to a new report from HSBC.