Lehman Brothers lost $500m-$700m on certain hedging positions in the second quarter, contributing to what is expected to be a larger-than-anticipated loss that may lead the bank to raise more capital by selling a stake to an outside investor.
People close to the matter said Lehman had opened talks with potential investors including asset managers and Asian banks.
By Ben White, Francesco Guerrera and Henny Sender in New York
Published: June 3 2008 23:37 | Last updated: June 4 2008 00:04
Source: Financial Times