Lehman Europe creditors may be repaid in full


DUBLIN: Creditors of the European arm of U.S. investment bank Lehman Brothers, which collapsed in September 2008, may be repaid in full, administrators said on Monday.

The settlement of rival claims over assets has freed up billion of dollars that can now be distributed to former clients of the bank's European arm, PricewaterhouseCoopers (PwC) said in its ninth progress report to creditors.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers
PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal

Others Also Read