Insiders' Blog
Sponsored by: Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!
Reports Lehman (LEH) May Spin-Off $32B To 'Bad Bank'
More News related to LEH
- Investors Suffering Stock Market Losses as a Result of Over-Concentrated Portfolios May Have Claims Against Their Brokers; the Law Firm of Stein, Stein & Pinsky, P.A. is Investigating
- Barclays (BCS) To Raise $9.7B In Capital From Middle East Investors
- Citadel Has Billions In Credit, Tries To Reassure Investors
- DTCC Completes Settlement of Lehman CDS Contracts Resulting In $5.2B In Net Fund Transfers
- Barney Frank Wants A Moratorium on Wall Street Bonuses
More News related to Insiders' Blog
- Citi Initiates Coverage on US Soft Drink Makers
- William Blair Initiates Coverage on Data Networking Stocks
- Caris Starts Coverage on Ariba (ARBA), Concur (CNQR), salesforce.com (CRM), Taleo (TLEO)
- Oppenheimer Initiates Coverage on ViroPharma (VPHM)
- Oppenheimer Initiates Coverage on Cadence Pharmaceuticals (CADX) with an Outperform
According to reports from Bloomberg, Lehman Brothers (NYSE: LEH) may move forward with a plan to shift $32 billion in commercial mortgages and real estate into a new company, emulating the 1980 good-bank-bad-bank model.
The report said the new company may have $8 billion in equity provided by Lehman. Shares of the new company would be owned by current Lehman shareholders.
This is apparently one of several options Lehman is considering. Korea Development Bank, which recently confirmed talks to invest in Lehman, could provide other alternatives for the embattled bank.
Shares of Lehman are down over 8% to $15.52 in late day trading today.
Related Categories
Insiders' BlogRumors
Trader Talk
Stocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
