Talk on Wall Street is hot about Lehman Brothers not seeing the light of Monday morning. After booking a $3.9 billion loss, Lehman is desperately looking for buyers to try and salvage whats left of the business. The two prime contenders for the offer are Bank of America and Barclays. It would be a sad day for the history of Wall Street and the CEO Richard Fuld if a 158 year old investment bank which is synonymous with the word investment ceases to exist by Monday.
Sunday, September 14, 2008
Lehman Might Not See Monday Morning
Talk on Wall Street is hot about Lehman Brothers not seeing the light of Monday morning. After booking a $3.9 billion loss, Lehman is desperately looking for buyers to try and salvage whats left of the business. The two prime contenders for the offer are Bank of America and Barclays. It would be a sad day for the history of Wall Street and the CEO Richard Fuld if a 158 year old investment bank which is synonymous with the word investment ceases to exist by Monday.
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