Font Size 
Lehman files for bankruptcy | BoA to buy Merrill Lynch
Published on Mon, Sep 15, 2008 at 10:52, Updated on Mon, Sep 15, 2008 at 18:51 in Business section
Tags: Lehman Brothers, Bankruptcy , New York
RUNNING AWAY: People leave Lehman Brothers headquarters after hearing news that the company may be forced to file for bankruptcy.
New York: Lehman Brothers Holdings Inc. will file for bankruptcy after Barclays and Bank of America abandoned talks to buy the company.
The global investment bank will file a Chapter 11 Bankruptcy petition. A press release by the company said Lehman Brothers' US subsidiaries or affiliates, including its broker-dealer and investment management subsidiaries, are not included in the filing.
Lehman and its lawyers are getting ready to file the documents for bankruptcy protection on Monday night.
| Related links: | |
Read Comment | Post Comment
probably this might never happen in India. i guess there is no concept called fore-closure in india.. more over the
Read Comment
This will result in a crisis .. people are actually looking for the next bank who is gonna file bankruptcy.
Read Comment
Bank of America agrees to buy Merrill Lynch...What's coming next!!
At this juncture world of finance and banking
Read Comment
The US sub-prime crisis now breaching the last frontier, Lehman Bros and Meryl Lynch have biten the dust. Would ICICI
Read Comment
Read more comment »