WASHINGTON: Lehman Brothers' do-or-die decision Wednesday to spin off up to $30 billion in commercial real estate loans and buildings highlights how jittery worldwide investors are about all things real estate.
The last-ditch plan was part of sweeping measures the investment bank is taking to survive.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
