Lehman Brothers hit with $700m fixed-income losses
Lehman Brothers revealed on September 18 that it suffered a revenue decline of $700 million due to a reduction in its valuations for fixed-income assets. This reduction in valuation was felt most keenly by the US securities dealer's leveraged loan commitments and residential mortgage-backed positions.
Lehman Brothers’ results are being closely watched in the region as an early indication of the
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