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UBS, Lehman seek fresh capital.

Posted by Corvin Russell on April 2nd 2008 at 8:43am

UBS declares a whopping writedown of up to $18 billion and seeks a capital increase of $13.1 billion.

Lehman, weeks after jumping up and down to show how healthy they are, is seeking $3 billion in capital to shore up their books. Due, according to the CEO, to “investor interest”. 

Nothing to see here, folks. Move right along.

Corvin Russell

Corvin is an activist and writer based in Toronto. Read more by Corvin Russell.

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