Investment bank Lehman Brothers announces billions in losses (10.09.2008) je 16
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Ema Nevenka JülichSeptember 10, 2008
Another big US bank is in trouble as a result of the US mortgage crisis. This time it's Lehman Brothers. The investment bank has sent more shockwaves through the markets by announcing a 3.9 billion dollar loss for the third quarter. The losses are a result of investments in mortgage related securities that turned sour.