Tags: lehman | brothers | sale

Lehman Brothers, Now Half-Off

Friday, 05 Sep 2008 08:57 AM

Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a "good" bank and a "bad" one.

Lehman, which has been searching for a financial lifeline from outside investors, is contemplating placing about $30 billion of troublesome commercial mortgages and real estate that it owns into a new publicly traded company -- the "bad" bank. The rest of Lehman -- the "good" one -- would then be able to carry on with the help of a cash infusion from one or more investors.

Read the full story here: Lehman Weighs Split to Rid Itself of Troubling Loans

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Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a "good" bank and a "bad" one.Lehman, which has been searching for a financial lifeline from outside investors, is contemplating placing about...
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2008-57-05
 

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