Lehman set to go into insolvency
Page last updated at 23:34 GMT, Sunday, 14 September 2008 00:34 UK
Preparations are being made for US investment bank Lehman Brothers to file for bankruptcy protection.
The firm was pushed to the brink on Sunday after UK bank Barclays pulled out of talks to buy most of Lehman.
If no new financing is found before Wall Street opens on Monday, Lehman will have to seek so-called Chapter 11 bankruptcy protection.
Source:
http://news.bbc.co.uk/2/hi/business/7615712.stm
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