Solid Q2 for FX
"Growth in our fixed-income franchise was broad-based, especially in securitised products, municipal, commodity, foreign exchange, high-grade credit, interest rates and financing, which are all up significantly versus a year ago," said Ian Lowitt, New York-based chief financial officer at Lehman Brothers in a June 16 conference call.
Lowitt added that client activity across Lehman's businesses, products and regions had experienced solid growth in Q2, indicating the underlying value of the US bank
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