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Text size [+][-]  Tuesday February 9 2010GLOBAL EDITION

Considered view
28 Jul 2008 12:44

Time for amputation

Context News

Lehman Brothers’ board is considering a wide range of options to stabilise the bank, according to people familiar with the situation. A conclusion is not likely to be reached within days but, equally, it is unlikely to take months.

Two limbs might need to be lopped off. One is the diseased $65bn of dodgy debt securities. Sadly, to pay for the hit, Lehman could also have to cut off its healthy fund management arm.

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