Lehman's 158-year run on Wall Street set to come to abrupt end

Executives at Lehman Brothers, the 158-year-old Wall Street bank that has been brought to the brink of collapse, are set for a long weekend of negotiation as potential acquirers pored over its books and regulators agitated for a deal to restore confidence to battered financial markets.

Officials from the United States Treasury and the Federal Reserve were still insisting last night that no federal money should be used to bail out Lehman or to tempt buyers into doing a deal, but all the signs suggested they were hoping to tie up a resolution before Asian markets reopen for trading at the end of the weekend.

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