Company: Lehman Brothers Holdings Inc

THE DEAL: Bank of America Corp. and Barclays Bank PLC are selling their 26.5 percent stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion. This gives Lehman's estate full ownership of Archstone.

Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.

The Wall Street Journal is reporting that Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion.

Washington Mutual, one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings also emerged from Chapter 11.

In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.

One-time financial powerhouse Lehman Brothers emerged from bankruptcy on Tuesday and is now a liquidating company whose main business in the coming years will be paying back its creditors and investors.

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.