Goldman and Lehman results encourage markets

Lehman Brothers and Goldman Sachs published better than expected first-quarter results in March, sparking a recovery in both banks' share prices. Lehman stock had previously taken a battering, dropping 20% on the back of fears it could face similar liquidity problems to Bear Stearns.

Despite recording writedowns - Goldman Sachs lost about $1 billion on residential mortgages and another $1 billion on leveraged loans; Lehman lost $1.8 billion, mostly in residential and commercial mortgages - both f

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: