Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Liquidation almost imminent for Lehman Brothers

Staff Reporter 1 minute read

The United States faces the possible collapse of Wall Street giant Lehman Brothers as negotiations fail to spur any successful bids for the crippled investment bank.

According to The Australian, Britain’s third largest bank Barclays, pulled out of negotiations overnight due to concerns that it would have to guarantee Lehman’s trading commitments until a deal was finalised.

And a consortium bid led by Bank of America is also reportedly under threat as the US government refuses to offer any guarantee for Lehman’s losses.

If no deal is made, it is likely Lehman could be placed into liquidation before the day is out, making it one of the largest financial failures in history, and a significant threat to the health of the US economy.

Published: 15-09-08

Should the US government bail out failing banks? What should the federal government do should an Australian bank face the same fate? COMMENT HERE

Related Articles
Bank overhaul announced as Lehman posts huge Q3 loss 11-09-08

Today's other stories

Liquidation almost imminent for Lehman Brothers
default
TheAdviser logo
default

 

more from the adviser
mortgage payments money Quiet January period hammers mortgage activity

NSW has led the states in a steep fall in mortgage market activit...

cars ta Nodifi expands into novated leasing

The asset finance platform has released a novated leasing service...

handshake 2 AFG adds specialist lender to lender panel

The aggregation group has appointed a specialist lender to its as...

FROM THE WEB