Lehman Brothers Still A Totally Viable Business

The corpse of the investment bank has made $8.3 billion more than it expected since it stopped being an investment bank three years and change ago.

The team unwinding Lehman now estimates it will bring in $88.8 billion, buoyed by gains on its real estate, derivatives and private-equity investments along with recoveries from settlements with foreign affiliates.

In a filing Thursday night in U.S. Bankruptcy Court in New York, Lehman said it is boosting its estimated gross recoveries by $8.3 billion over last year’s estimate.

Lehman Raises Estimate of Recovered Funds to $88.8 Billion [WSJ]

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6 Responses to “Lehman Brothers Still A Totally Viable Business”

  1. Captain Oblivious says:

    I guess selling a trillion dollars worth of shit you could no longer afford and drove you into bankruptcy at .25 on the dollar is a viable business. Other than that I remain bullish on Lehman

  2. distressed assets? says:

    it's a different entity with a hybrid team of former and new employees that turned the largest bankruptcy in history into an $88bn estate (while generating some nice fees for themselves). i think that sounds pretty viable to me.

  3. Junior OCC Examiner says:

    What is an asset?

  4. Guest says:

    Suck on my prestige, biches!