Lehman Annouces Restructuring and Finance Group

May 22nd, 2008
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Lehman Brothers is forming a restructuring and finance group in light of the current market conditions. The group will take advantage of the the anticipated increase in bankruptcy filings and restructurings due to the credit crisis. The group will combine both investment banking and fixed income divisions by providing consulting for companies in need of restructuring as well as raising the financing required for the process. It remains to see whether its competitors will follow.

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