Lehman administration 'more complex than Enron'

The administration of the European arm of failed investment bank Lehman Brothers International (Europe) will be “10 times as large and more complicated” than dealing with the bankruptcy of the multinational Enron Corporation, administrators said today.

Tony Lomas, of PricewaterhouseCoopers (PwC), was speaking after a meeting of Lehman creditors in Greenwich, south-east London.