Sunday, September 14, 2008

One key source of pressure on Lehman is its debt ratings.

Barclays pulls out of Lehman bidding

By Dan Wilchins and Glenn Somerville Reuters - 39 minutes agoNEW YORK/WASHINGTON (Reuters) - Regulators and bankers resumed a third day of talks on Sunday in a desperate attempt to reach a deal to sell Lehman Brothers and prevent the struggling investment bank from flooding jittery financial markets with toxic assets at fire sale prices. (Advertisement) Barclays, which had appeared to be the frontrunner to take over Lehman -- excluding its bad mortgage-related assets -- pulled out of the bidding early in the afternoon, according to a person familiar with the matter.

Posted by malct @ 07:30 PM (446 views)
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One thought on “One key source of pressure on Lehman is its debt ratings.

  • Uuuaaaaaaaahhhhhh!

    RUNAWAY!

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