Lehman Brothers fought off persistent rumors that it might be headed to a Bear Stearns-like collapse by raising $4 billion in capital on Tuesday.
The fourth-largest U.S. investment bank has taken some hard hits from its participation in the sub-prime market and may also have suffered from bogus rumors pushed by...
See also:
- Thursday’s Events: BOC MPC Report, U.S. Jobless Claims, Philly Fed Mfg Report (July 17th, 2008)
- U.S. Jobless Claims Rise to 366K in Week Ending July 12 (July 17th, 2008)
- U.S. Housing Starts and Building Permits Soar in June (July 17th, 2008)
- Fed’s Kroszner Says Fed Rules Will Affect Subprime and Alternative Mortgages (July 17th, 2008)
- Higher U.S. CPI, FOMC Minutes Lead to Greater Chance of Rate Hike (July 16th, 2008)