Sunday, September 7, 2008

RBC Pulled Back from Lehman Bid

Financial Times, Henny Sender, 7 September 2008Royal Bank of Canada considered buying Lehman Brothers in July but decided against it because it had doubts about Lehman�s ability to shore up its balance sheet in the wake of the credit crisis.Lehman is now under pressure to raise capital ahead of its earnings announcement this month, which analysts say could include $4bn in writedowns. The

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