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Ticker Summary (HBC)

51.17-1.02 (-1.95%)
Open 51.75
High 51.77
Low 50.92
Volume 3,650,828
Market Cap N/A
52 Week High 64.42
52 Week Low 25.75
P/E N/A
F P/E 13.81
EPS N/A
Dividend 1.70
Yield 3.26%
1 Year Target 62.55

HBC 51.17 -1.95%

According to South Korea's Chosun Ilbo newspaper, both HSBC Holdings and an unidentified Chinese bank are both among potential buyers for acquiring Lehman Brothers. The newspaper stated that HSBC, the Chinese bank, and several large U.S. hedge funds are negotiating to acquire a 25 percent in Lehman Brothers for $4.4 to $5.3 billion. Lehman Brothers, which currently has over $60 billion in mortgage and mortgage security exposure, is under desperate pressure to shore up additional capital.

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2 years 103 days ago by Tim

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