Abstract

Lehman Brothers is a global player in equity and fixed income sales, trading and research, investment banking, private equity and private client services. The company faces various risks. These include credit risk, interest rate risk, foreign exchange risk and equity risk. The case outlines the risks and the mechanisms Lehman Brothers employs to deal with them.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Barrick, Hedging, Enterprise risk management, Gold mining, Gold and silver price risk, Energy price risk, Interest rate risk, Currency risk, Liquidity risk, Derivative risk, Risk management, Forwards, Strategy