UPDATE 1-Lehman preps bank units for sale or shutdown

 

UPDATE 1-Lehman preps bank units for sale or shutdown

17:17:38 | 02/09/2010 - Source: Reuters

Lehman Brothers Holdings Inc , the bankrupt U.S. investment bank, needs at least $550 million to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.

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