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Kuwait eyes US banks as Lehman Brothers seeks cash
Summary from multiple countries, from articles in English
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Lehman, which is also preparing a rights issue as an alternative to a cash injection from an overseas bank, is thought to have contacted at least one potential investor in South Korea. (article 4)
On Tuesday it denied that recently it had sought emergency funding from the Fed and sought to clarify that it had more than $40 billion of cash and other liquid assets at its disposal (article 4)
NEW YORK - Lehman Brothers on Tuesday denied that it was forced to tap the Federal Reserve's discount window to stave off cash problems, and maintains that its books remain liquid. (article 3)
The nation's fourth-biggest investment bank was battered Tuesday amid reports it needs to raise up to $4 billion of capital because of steep losses linked to the ongoing credit crisis. (article 3)
We ended the first quarter with liquidity of $34 billion and finished the second quarter with well over $40 billion. (article 3)
By MARK DeCAMBRE June 4, 2008 Traders are betting that Lehman Brothers could face Bear Stearns-style trouble after a series of reports yesterday suggested the bank is confronting writedowns and may look to raise as much as $4 billion in cash. (article 2)
Many investors are continuing to bet heavily against Lehman Brothers, lifting the percentage of the bank's shares sold short to a record level. (article 1)
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Other summaries about this story:
Other stories about Lehman, shares and Bank:
Event tracking:
Story keywords
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Lehman, shares, Bank, billion, Financial |
Source articles
- Betting against Lehman at record levels (ft.com, 06/04/2008, 439 words)
- LEHMAN RUMORS SPREAD (NY Post, 06/04/2008, 371 words)
- Lehman Bros. denies tapping Fed (seattletimes.nwsource.com, 06/04/2008, 439 words)
- Kuwait eyes US banks as Lehman Brothers seeks cash (business.timesonline.co.uk, 06/05/2008, 409 words)
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blaster@cs.columbia.edu
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