Lehman wind-up may be 'far more complicated' than thought

Tony Lomas, partner at administrator PricewaterhouseCoopers (PwC), has worked on all the key financial collapses of recent times, from Enron and BCCI bank to MG Rover, but none have come close to the scale and complexity of Lehman Brothers.

When he first took on the job as lead administrator for the failed bank in the UK, Mr Lomas described the task as being “10 times as large and more complicated” than the bankruptcy of Enron.