Nothing like waiting to the last second – Lehman Brothers, at 1:21 AM ET, says that it was unable to find a buyer for the firm and that it intends to file for Chapter 11 bankruptcy.
With this news, which was expected, the sale of Merrill Lynch to Bank of America, and markets are falling around the world in response to the Lehman, as well as a crashing dollar, Monday will be a very interesting day on Wall Street.
Related posts:
- CIT seen filing for bankruptcy in coming days With the CIT debt exchange only 30 minutes away from...
- WSJ: CIT to declare bankruptcy Sunday / Monday At this point not much else to say that hasn’t...
- It has happened – CIT files for bankruptcy We knew it was going to happen, it was just...
- Visteon files for Chapter 11 bankruptcy protection This is exactly what I expect to see with a...
- Two critical pieces of information regarding a CIT bankruptcy As I’m sitting her enjoying my extra hour (thanks daylight...
Related posts brought to you by Yet Another Related Posts Plugin.