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Lehman loses $3 billion for the quarter - will raise capital

Started by morganb · 1 year ago

Lehman Brothers, the Wall Street firm that everyone has had their eye on since the implosion of Bear Stearns will report a $2.8 billion loss for the quarter and announce plans to raise $6 billion in capital through the sale of stock.  Lehman bet heavily on the mortgage business with purchases of both subprime lender [...] ... Continue reading »

2 comments

  • Just a quick clarification - Aurora Loan Services is still operating a Retail division. The Correspondent and Broker divisions have been shut down. In addition, they are still operating as a servicer as well.
  • Thanks Candy - i'll update the post.


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