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Lehman sees 750 Europe jobs axed
lehman brothers, the fourth-largest investment bank in the us, filed for bankruptcy as it was hit by the credit crunch and could not be rescued . maximising value' it is extremely disappointing that despite exhausting all avenues these jobs could not be saved, said pwc partner tony lomas . and largest week japartnese bank nomura said it was buying some of lehman's european and middle eastern operations for an undisclosed sum . these jobs will go from the firm's european fixed income and personal investment management unitors, after a buyer could not be for an und . the administrators of lehman brothers' european division have cut 750 jobs at the firm with immediate effect . Generated 2008-10-5_8:45
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