Profits drop at Lehman Brothers
Published September 18th, 2007
US investment bank Lehman Brothers has reported a small fall in three-month profits, but the figures were still better than expected.
Net income between June and August fell 3% to $887m (£445m).
Lehman’s boss Richard Fuld said the results showed the bank’s diversity and strength under “challenging conditions in the markets”.
There is great interest how hard the big American banks have been hit by the sub-prime mortgage crisis.
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