GFI Dealing With Fallout From Lehman Collapse

October 2008
Securities Industry News;10/6/2008, Vol. 20 Issue 35, p6
Trade Publication
The article reports that New York-based GFI Group and Tullet Prebon has failed to reach acceptable economic terms for a possible merger on September 9, 2008. After the failed transaction, GFI's chief operating officer Ronald Levi spoke with Securities Industies News about the firms' strategies in the market turmoil following the bankruptcy of the Lehman Brothers. Several issues on how GFI deals with the bankruptcy which includes the firm's involvement in the auction for Lehman derivatives or debt, and the firm's operational challenges are discussed.


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