Nomura Holdings has apparently agreed to buy the European operations of Lehman Brothers. Supposedly management just held a meeting with IBD, and announced that 500 out of the roughly 700+ person staff will be retained, with one month of severance offered to those left of the deal.
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Posted by guest , Sep 23, 2008 9:25AM
The Japanese will be better overlords than the chinese. I'm glad they decided to buy 20% of morgan stanley also.
Posted by guest , Sep 23, 2008 9:42AM
700 ?
what abt UK ?
Posted by guest , Sep 23, 2008 9:45AM
@2-- that's europe IBD
Posted by guest , Sep 23, 2008 9:46AM
w00t High quality sushi restaurants and saki bars in all the Morgan Stanley buildings soon! Maybe they'll give out free toyotas to the managing directors.
Posted by guest , Sep 23, 2008 9:49AM
ok, so what did [clenches teeth] barclays [unclenches teeth] buy again?
Posted by guest , Sep 23, 2008 9:50AM
barclays bought ibd in us, genius
Posted by MostOffensive , Sep 23, 2008 9:57AM
Anyone thought of a fake Dick Fuld? This is hilarious: http://www.nydailynews.com/news/politics/2008/09/22/2008-09-22_fake_sarah_palin_earns_a_real_new_york_w.html
Posted by guest , Sep 23, 2008 9:58AM
The Japanese are buying.
Time to sell!
Posted by guest , Sep 23, 2008 10:03AM
@ 6
thanks. even geniuses take days off.
or haven't you been paying attention?
Posted by guest , Sep 23, 2008 10:04AM
bess, I think the 'about us' section on db is dated
Posted by guest , Sep 23, 2008 10:10AM
@7
Why would you ever want to walk around NY if you looked like Dick Fuld.
Posted by MostOffensive , Sep 23, 2008 10:14AM
over/ under on how long it would take someone to club fake dick fuld with a baseball bat?
Posted by guest , Sep 23, 2008 10:27AM
Is Fixed Income fucked? Doesn't look like anyone is interested in buying them!
Posted by guest , Sep 23, 2008 10:45AM
just to clarify - Nomura have bought the € IBD & equity divisions of Lehman only? Correct? i.e. FI has been tossed aside?
Posted by guest , Sep 23, 2008 12:14PM
are employees hopping onboard barclays in ny getting any severance pay?