Lehman Bros sells off shares

NEW YORK - US investment bank Lehman Brothers is selling $3 billion of its shares to raise capital to boost its balance sheet. The sale comes after speculation that the bank is facing similar problems to Bear Stearns, which nearly collapsed as a result of its debts last month. Lehman Bros joins a growing group of investment banks, including Merrill Lynch, Citi and Morgan Stanley, that have all had to raise money from investors to offset their subprime losses.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here