Valukas' findings challenged by Lehman lawsuit against JP Morgan

A lawsuit filed on behalf of Lehman Brothers Holdings (Inc) (LBHI) – the Lehman Brothers parent company – argues JP Morgan should return $8.6 billion of cash and assets that were posted to it as collateral during Lehman's dying days. Contrary to the findings of Anton Valukas – an independent examiner who published a 2,209-page report on the LBHI insolvency on March 11 – the lawsuit alleges JP Morgan "accelerated LBHI's freefall into bankruptcy".

"JP Morgan didn't cause all the problems Lehman

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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