Lehman conflicts Whose conflict is it anyway?

Is Lehman Brothers pulling a Goldman Sachs? That’s what some on Wall Street are saying about the investment bank’s role in Friday’s $2.65bn acquisition of defence group Titan by L-3 Communications. Because Lehman is advising Titan while financing L-3, on whose board two of its bankers also sit, rivals are equating this with Goldman’s two-sided role in the New York Stock Exchange’s proposed merger with Archipelago. The parallels are clear. Like Goldman at the NYSE, Lehman has its hands in the b...