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Lehman eyes real-estate spin-off

FT Alphaville |  September 5th, 2008 | Email this
Lehman Brothers may shift about $32bn – or 80% - of its commercial mortgages and real estate to a new company that will be spun off in a move similar to the “good-bank/bad-bank” model used in the 1980s banking crisis, reports Bloomberg. The “bad bank”, nicknamed Spinco for now, would [...]

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