Updates From Lehman Brothers (LEH) Conference Call
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-Intense public scrutiny has caused significant distractions to Lehman Brothers (NYSE: LEH) clients, employees and daily business.
-Lehman is exiting vast majority of commercial real estate. In final stages of raising capital with sell of investment management division (IMD).
-Finalizing with Blackrock (NYSE: BLK) a sale of Lehman's UK real estate exposure.
-In the quarter, credit markets deteriorated significantly.
-Lehman's Fuld expects new company to be adequately capitalized
-Cutting dividend to preserve capital in this new operating environment.
-Lehman's Fuld has a long track record of pulling it together in tough operating environments.
-Lehman's Fuld thanks counter-parties for believing in Lehman.
-Lehman is exiting vast majority of commercial real estate. In final stages of raising capital with sell of investment management division (IMD).
-Finalizing with Blackrock (NYSE: BLK) a sale of Lehman's UK real estate exposure.
-In the quarter, credit markets deteriorated significantly.
-Lehman's Fuld expects new company to be adequately capitalized
-Cutting dividend to preserve capital in this new operating environment.
-Lehman's Fuld has a long track record of pulling it together in tough operating environments.
-Lehman's Fuld thanks counter-parties for believing in Lehman.
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