- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:31 05:49 12:21 15:48 18:47 20:05
Lehman Brothers Holdings borrowed a small amount from a new Federal Reserve lending facility that allows investment banks to borrow money directly from the central bank, the Wall Street Journal reported on Wednesday. Lehman borrowed the money through the facility, which was announced over the weekend and makes money available to securities firms on much the same conditions as the Fed's discount window, late on Tuesday, the paper reported, citing an unnamed person familiar with the transaction.
|
Follow Emirates 24|7 on Google News.