lehman brothers hold...

Lehman Brothers Holdings, the once great Wall Street firm that went bankrupt at the height of the financial crisis, says it will have to pour hundreds of millions of dollars into two struggling units to avoid failures that could cost the investment bank billions.

MBIA has sued Merrill Lynch because the CDOs on which Merrill bought insurance from MBIA were AAA-rated junk. MBIA says Merrill knew the CDOs didn't deserve the top rating at the time it insured them. If this case succeeds, big banks may find dud ratings very expensive.

Nomura Holdings (NMR), the Japanese megabank that owns the remnants of Lehman Brothers' overseas operations, says it's raising $5.6 billion (well, ¥511 billion, actually) to expand in the United States and elsewhere. Nomura, Japan's largest brokerage, plans to sell about 800 million shares...