Bove: Lehman will survive

(04:52) Interview

Veteran banking analyst Dick Bove says Lehman Brothers will "probably shrink about $100b off of its assets."

Ladenburg Thalmann's banking analyst Dick Bove says he expects Lehman Brothers to "shrink about $100b off of its assets" and that the investment bank is "stable enough to go through a tough environment." Bove, speaking at the Reuters 2008 Investment Outlook Summit in New York on Wednesday, says it will be at least "three to four years" before Lehman is once again a "vibrant, growing company." SPEAKERS:

  • Dick Bove, Banking Analyst, Ladenburg Thalmann
  • Conway G. Gittens, Reuters

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