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Lehman Brothers Still A Totally Viable Business

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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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