The US investment bank Lehman Brothers says it is filing for bankruptcy protection.The 4th largest investment bank in the US said on Monday that it will file for bankruptcy protection with a Federal court in New York.Lehman is the first major US investment bank to go under since the subprime loan crisis emerged last year.Treasury Secretary Henry Paulson, other top US financial officials and private institutions had been discussing how to keep Lehman afloat. They met after the bad news about Lehman shook global credit markets last week.But none of the financial institutions involved in the talks said they would acquire Lehman Brothers without splitting it.The collapse of the once highly profitable firm has revealed the seriousness of the financial crisis triggered by the subprime loan problem.
2008/09/15 14:55
(From NHK)
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