Tuesday, August 19, 2008

Lehman Brothers, The Third-Quarter Loss of 1.8 Billion U.S. Dollars

lehman brothersOn the 17th, U.S. Wall Street Journal quoted analysts forecast report said that Wall Street investment bank Lehman Brothers lose of at least 1.8 billion U.S. dollars in the third quarter of this fiscal year, while originally expected a slight profit.

It is reported that Lehman Brothers is considering the release third-quarter earnings report in advance. The company is usually release of this report in mid-September.

Lehman Brothers reported earnings in June, his loss is 2.87 billion U.S. dollars in the second quarter of this fiscal year (to end by the end of May). It is the first time loss since 1994. To shake off the dilemma, Lehman Brothers get 6 billion U.S. dollars by raised the issue of new shares.

According to the British Financial Times recently reported that Lehman Brothers plans to sell a total of about 40 billion U.S. dollars of commercial real estate and securities, in order toimprove the financial impact of the crisis situation.

Originally Posted: Danmex.org
Author: Angulo Fu