Private banks likely to have big exposure to Lehman structured products

European private banks and their clients are likely to be exposed to billions-worth of structured notes issued by bankrupt US investment bank, Lehman Brothers.

A report from mtn-i, a London-based data and news provider for private placement and structured fixed-income markets, said investors bought more than $11bn of Lehman structured notes and private placements in the nine months before bankruptcy.

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