Summary
INVESTMENT bank Lehman Brothers is looking at offloading its fund management arm, with private-equity groups among potential buyers.
Lehman, on the hunt for new capital, could raise $8 billion ([pounds]4.28 billion) from the sale. Reports say the bank has released detailed information about the investment management business, which centres on Neuberger Berman.See the full content of this document
Extract
Lehman Mulls Fund Arm Sell-Off ; Banking
Lehman bought Neuberger i...
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