Lehman struggles to stay afloat

Just as investors were beginning to digest the effects of the Fannie and Freddie bailout, another legendary US financial institution was caught in the spotlight as it struggled to stay alive.

13th September, 2008

Just as investors were beginning to digest the effects of the Fannie and Freddie bailout, another legendary US financial institution was caught in the spotlight as it struggled to stay alive.

Shares in investment banking heavyweight Lehman Brothers lost almost 75per cent of their value last week alone, as the 158-yearold Wall Street institution announced that talks aimed at securing a capital injection from a Korean government-owned bank had collapsed.

The Federal Reserve Bank held...

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