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Banking

The race to sell Lehman Brothers before it fell apart

Nomura’s great leap forward: Will Lehman takeover help fulfil its global ambitions? 
Nomura in Europe: the appointments so far

 
September
6 Japanese press report Nomura is considering a stake in Lehman Brothers. MUFG denies it is considering a stake
7 LB announces Jeremy Isaacs, CEO Europe and Asia, is leaving the company
9 Collapse of talks with Korea Development Bank, after which LB shares fall by 30%
10 LB reports $3.9 billion loss for third quarter of 2008
11 LB shares close at $3.03
13 Federal Reserve officials meet with Wall Street executives and the SEC to discuss future of LB
14 Talks with Bank of America and Barclays collapse after the Fed says it won’t guarantee LB liabilities
15 LB officially enters Chapter 11 bankruptcy. PricewaterhouseCoopers is appointed by the court in London as administrator for LB’s Europe and Middle East businesses
16 Barclays buys LB North America for $1.75

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