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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.
Fri, 14 Nov, 2008
Administrators of the European arm of failed investment bank Lehman Brothers will give their latest update today on the financial fall-out from the firm’s collapse.
Lehman Brothers in Europe has asked its US counterpart to give back more than $US8bn (€5.5bn) that it says was trapped when its holding company filed for bankruptcy protection in New York a week ago.
Mon, 22 Sep, 2008
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