Live-blogging the Lehman conference call

Lehman Brothers announced its expected earnings today, projecting a loss of $3.9bn in the third quarter. It confirmed it is in talks to sell a 55% stake in its investment-management unit, which includes Neuberger Berman, and it will also spin off about $30 billion of its commercial real estate portfolio into a separate publicly-traded company, Real Estate Investments Global.

Deal Journal is blogging the conference call, which is hosted by CEO Dick Fuld, CFO Ian Lowitt and Bart McDade.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions