Nomura wins auction for Lehman Asia
Published September 22nd, 2008
Japan’s Nomura Holdings has reached a deal to buy the Asian operations of Lehman Brothers.
Lehman Brothers filed for bankruptcy protection last week after collapsing from exposure to subprime mortgage securities.
British Bank Barclays struck a $1.75 billion deal to rescue Lehman’s core U.S. investment banking business, and signaled it might do the same for other units. The fate of Lehman’s 3,000 employees in Asia unknown
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