The Wall Street Journal reports that, contrary to what former Lehman executives would have you believe, the New York Fed did give the firm the opportunity to borrow from the central bank on emergency terms on September 14th - the day Lehman filed for bankruptcy - provided it had the collateral.

Here's a round-up of some of the more interesting testimony / comments to come out of the Financial Crisis Inquiry Commission hearings this week on the failure of Lehman Brothers.

We’ve just reviewed Triangle Capital’s (TCAP) 10-Q filing for the period ended June 30, 2010, listened to the company’s first ever Conference Call on August 5th, and looked over the Earnings Report again. All of this with a view to providing readers with our outlook for TCAP’s dividend.

By Don Miller

JPMorgan Chase & Co. (NYSE:JPM) became the first investment bank to take steps to comply with the so-called "Volcker Rule" by shutting down its proprietary trading unit. JPM, the second-biggest U.S. bank by assets, told about 20 traders who work on its commodities trading desk that the company will close the unit, Bloomberg News reported, citing an anonymous source.

E Fund Management has announced plans to launch what it bills as China's first officially-registered hedge fund. The firm is seeking not institutions but rather China's growing population of millionaires, which now number nearly a half milllion. The firm has already applied to the China Securities Regulatory Commission with details about the fund, which may take the form of separately managed accounts for individuals, reports FINalternatives. Article