Bank of America and Barclays Bank have pulled out of the rescue of Lehman Brothers, it was announced a short while ago. The bank has involvement in Commercial property.
The US Treasury Secretary, Frank C Bolton, has said that they will not rescue the bank.
Wall Street prepares for Lehman Brothers potential bankruptcy: http://www.bloomberg.com/apps/news?p...Ibw&refer=home
Should the bank apply for Chapter 11 on Monday morning in the US then all of Lehman's branches in the UK would immediately be insolvent.