Troubles At Lehman Brothers, Washington Mutual Further Rattle Wall Street
Friday, September 12, 2008
Turbulence in the American and global investment banking industries became increasingly shaky this week as another Wall Street giant, Lehman Brothers, teetered on the verge of collapse. As one of the nation's largest and oldest investment banks scrambles to avert financial disaster by finding a suitable buyer before time runs out, Wall Street and investors across the world nervously await good news. Rumors of a possible "white-knight" takeover by suitors including Bank of America and British bank Barclays are providing a glimmer of hope, but the future of the beleaguered firm and the fall out from such a move remain…Continue » Posted in Corporate Fraud