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Lehman Brothers Holdings Inc. shares tumbled Monday amid investor uncertainty about how the nation's fourth-largest brokerage will find much-needed capital to help shore up its balance sheet.
There remains intense speculation that Lehman Chief Executive Richard Fuld might be forced to sell off its Neuberger Berman asset management division to help buoy the investment bank's ailing balance sheet. Analysts believe such a sale would generate between $7 billion to $8 billion.
A spokesman for Lehman declined to comment.
Member Submitted News
14.7" last report in Islip- Long Island,NY! They are getting pounded with snow right now! The skies over the East Coast are empty.alexmark
Facebook claimed it has a $227 billion annual global economic impact. The last hour has cost us $26M. Welcome to the Facebook recession!alexmark
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