Wednesday, September 10, 2008

The bank is in talks with BlackRock Inc to sell a package of British real estate assets

Lehman uncertainty weighs on world shares

World stocks headed for last week's two-year low on Wednesday as worries over the fate of U.S. investment bank Lehman Brothers grew after Korean Development Bank said talks on investment had ended in disagreement. The low-yielding yen trimmed losses while safe-haven government bonds also pared losses after KDB said it has ended talks for now with Lehman because of disagreement over terms and its assessment of financial market conditions. Lehman, a casualty of the one-year-old credit crunch, is bringing forward the release of quarterly results and key strategic initiatives to 1130 GMT after its shares sank to a decade low on Tuesday on growing concern over its ability to raise capital.

Posted by malct @ 12:15 PM (619 views)
Please complete the required fields.



5 thoughts on “The bank is in talks with BlackRock Inc to sell a package of British real estate assets

  • Funny comment on FT Alphaville

    “Lehman CEO Richard “Elma” Fuld announced today that in an attempt to make back losses sustained in the current credit crunch, Lehman had shorted “The World” on expectations that the newly opened CERN establishment would bring about global catastrophe. Fudd stated that against all expectations at 07.31 GMT this trade had become “a longer term strategic asset allocation”.

    Reply
    Please complete the required fields.



  • Company to be renamed Seoul Brothers

    Reply
    Please complete the required fields.



  • mg. on CERN,

    particle physicist quote on BBC this morning

    “what we are doing is just what nature has being doing for millions of years and nothing disasterous has happened” !!!!

    and from SKY news – “we’re smashing two mince pies together at the speed of light to see what they’re made of”

    sounds similar to investment bankers.

    Reply
    Please complete the required fields.



  • The LHC proves what bankers should have known : What goes around comes around.

    Reply
    Please complete the required fields.



  • KDB walked out. It should be Seoulless Brothers. Is it going to be THE BIG ONE going under?

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>