Can Lehman Brothers be saved?

Richard Fuld, CEO of Lehman Brothers, remains convinced that the firm is on a track to recovery. More specifically, he's convinced the bank has the right business model to regain its former luster. But few people share such a rosy view. In the aftermath of its second quarter earnings announcement, you really have to wonder what the bank can do at this point. In some ways, this is an issue for all top global banks. We've noted before that there doesn't appear to be any obvious ways for banks to grow out of this. A lot of the mortgage-driven bond business isn't coming back. Add to that rising competition from commercial banks in core bond businesses and the reduced ability to leverage greater profits. The result is some epochal issues for the Lehman board. Do not surprised to see some huge changes at the top of Lehman, or an outright merger, which some say is the only way out.  

For more:
- here's a MarketWatch item 
- CEO Richard Fuld faces the analysts. Article

Related Articles:
Two top execs at Lehman ousted; What about Fuld?
Lehman Brothers can't seem to win
Lehman to make early earnings announcement?