New York Stock Exchange

Lehman to Raise $6 Billion; Expects $2.8 Billion Loss in Q2 

Seeking to quell investor and market speculation about its future, Lehman Brothers Holdings Inc. [stock LEH][/stock] said before market open on Monday morning that it expected to post a $2.8 billion loss for the second quarter as it struggles with the continued collapse of the private-party mortgage securities market, the securities firm’s first-ever quarterly loss as a publicly-traded company. The embattled Wall Street bank also said it would raise $6 billion, in an effort to shore up its capital resources amid continuing deterioration in the national housing market.