Friday, September 7, 2007

No mercy

Global credit crisis causes Lehman to close two UK sub prime operations

Lehman Brothers has announced that they are withdrawing from the second charge market resulting in the closure of London Mortgage Company. The reasons given are due to the global credit crunch. To date no estimate has been given as to the potential job losses that will inevitably result from the closure and re-structure of two of Lehman's lending arms...

Posted by converted lurker @ 09:01 AM (752 views)
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2 thoughts on “No mercy

  • I could break you mate. In two pieces; over my knees. You know it. I know it.

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  • “The $1.40 level in the euro and a return toward $2.06 for sterling seem like reasonable objectives.” say Brown Bros, talking to Reuters.

    Bailing out of the dollar will increase when the Fed drops interest rates…..

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