Monday, June 9, 2008

Lehman adds its name to list of banks asking for more cash

Lehman sinks to record loss as it seeks $6bn

Lehman Brothers, the fourth-largest US securities firm, has reported a record $2.8bn (£1.4bn) second-quarter loss and said it will raise $6bn more in capital in a public offering.

Posted by henscu @ 02:54 PM (584 views)
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3 thoughts on “Lehman adds its name to list of banks asking for more cash

  • cornishman says:

    Perhaps that should read:

    Lehman Brothers, the fourth-largest US securities firm, has reported a record $2.8bn (£1.4bn) second-quarter loss and said it will TRY TO raise $6bn more in capital in a public offering.

    They can’t simply assume that the public would want to throw good money after bad.

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  • Yeah cos investment banks come out with rights issues when they haven’t got the money tied up.

    It’s all done and dusted, money is there.

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  • HBOS shares just over three quid last time I looked. The rights issue is in serious jeopardy methinks.

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