Federal Reserve Board Vice Chairman Donald Kohn will be among the speakers Jan. 29 at a Federal Deposit Insurance Corp. conference on interest rate risk.
The symposium, to be held at the agency's complex in Arlington, Va., will address various subjects related to banks' potential exposure to the likely rise in short-term interest rates in 2010.
Topics will include strategies for managing interest rate risk at banks of all sizes, issues related to extending maturities on liabilities to mitigate risk and the FDIC's supervisory view on banks' management of interest rate risk. — Joe Adler
Lehman's Advisers Earn $568M in Fees
Twenty-eight law firms, financial advisers, investment banks and consulting firms working to unwind Lehman Brothers Holdings Inc. in bankruptcy racked up $568.7 million in fees through December.
In papers filed with the U.S. Bankruptcy Court in Manhattan last week, Lehman detailed the fees it paid to the professionals working on its Chapter 11 case between its Sept. 15, 2008, bankruptcy filing and the end of December 2009.
The firms working on the case are subject to 10% fee holdbacks, which were not included in the total.