NEWSLETTER
RSS
MOBILE
HELP
SHARE
Email Confirmation
Lehman's Slow-Motion Trainwreck Continues
by Felix Salmon
Jun 09, 2008
Jun 09, 2008
Banks, by their nature, are opaque creatures, and investment banks even more so. Even when they have a public listing and aren't owned by a much larger financial-services entity, it's almost impossible to tell from outside what's going on inside them. Thus did analysts expect Lehman Brothers to report second-quarter revenue of $2.62 billion, and a net loss of 22 cents a share; the real numbers are going to be more like negative revenue of $700 million (this is investment banking, of course you can have negative revenue) and a net loss of $5.14 per share.
...
Mobile