Summary
AILING US bank Lehman Brothers has put its highly prized asset management arm up for sale in a last-ditch bid to stay afloat.
As it plunged into a record [pounds]2.2bn third quarter loss, the Wall Street firm revealed it was in 'advanced discussions' to sell a 55pc stake in its most valuable business.See the full content of this document
Extract
Lehman's Frantic Fight for Survival
America's fourth biggest investment bank also unveiled plans to offload [pounds]2.3bn UK subprime mortgage book and hive of...
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