SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: ChanceIs8/19/2008 9:36:21 AM
Read Replies (1) of 306849
 
Lehman likely to write-down $4 bln: J.P. Morgan

>>>Hmmm. We didn't get our bank failure last Friday, but we did get our weekly $5 billion wirtedown as a substitute. Forget who coughed it up. One wouldn't suppose that as a bonus, Lehman this week will provide the failure and the writedown?? Nah. Too much to ask.<<<

9:13 AM EDT August 19, 2008

NEW YORK (MarketWatch) -- J.P. Morgan said in a research note released Monday that Lehman Brothers is likely to write down about $4 billion in the third quarter but unlikely to sell the asset-management unit Neuberger Berman. J.P. Morgan, which cut its earnings estimates and maintained a neutral rating on the bank, said Lehman's write-down comes as residential and commercial-related indices deteriorate. "We believe the management wants to leave its mortgage troubles behind and restore confidence, which it can best accomplish by reducing its higher-risk credit exposure." As for a possible Neuberger sale, J.P Morgan said it did not think investors and rating agencies would welcome a divestiture, which brings a steady cash flow, diversification and a lower compensation ratio. Meanwhile, reports intensified Tuesday that the New York investment bank is busy hawking Neuberger to private equity players.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News