Update: Lehman Brothers shopping for capital

It's looking more and more like Lehman Brothers is on the hunt for capital. According to the Financial Times, the bank is scouring the globe looking for potential partners; it has spoken with various asset managers--like private equity firms--and Asian banks--notably some in China and Korea. The paper reports that interested parties include CV Starr, controlled by Hank Greenberg, former CEO of AIG. It's unclear how any deal might be structured, but it looks like it may involve the sale of a strategic stake. A common share offering might be on the table. I would doubt a preferred share offering will happen. Lehman Brothers really needs to do something to address perceptions. An announcement of some sort would help.  

For more:
- here's the article

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