Roundup: Trouble Looms for Lehman Brothers
A rundown of recent financial sector news:
- Lehman Brothers needs capital, and some are saying it could be the next Bear Stearns; others think it's the next Enron.
- Bear Stearns Merchant Banking goes independent. Or was it always?
- Rising credit card delinquencies and debt point to problems in the future for some creditors, but it's probably a stretch to call it the next sub-prime.
- Banks may be required to put $5 trillion back on their balance sheets. Why weren't these numbers reported in the first place?