TOKYO (AP) -- More of bankrupt investment bank Lehman Brothers is being sold to Japan's largest brokerage, Nomura Holdings.
There's word today that Nomura is buying Lehman's European and Middle Eastern operations, marking a major step in the liquidation of what had been the nation's fourth-largest investment bank.
The announcement comes a day after news that Nomura was buying Lehman's Asian businesses for 225 million dollars. Britain's Barclays bank has purchased Lehman's North American investment banking operations.
Parent Lehman Brothers Holdings sought bankruptcy protection eight days ago in the biggest Chapter 11 filing in U.S. history.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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