Single suitor to the fore in Lehman bid

The administrators of Lehman Brothers in Europe have singled out a frontrunner, believed to be Japan's Nomura, to acquire the investment banking and equities businesses of the Wall Street bank.

News of the progress followed comments from sources that administrator PwC planned to wrap up the sale of the various parts of Lehman's European operations within 48 hours.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump