Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Lehman Brothers’ Long Unwinding Road

NEW YORK (UPI) — Court documents show Lehman Brothers Holdings, the New York bank that did not survive the financial crisis, still has $65 billion in assets to sell.

The bank emerged from bankruptcy court Tuesday. But the bank that had 25,000 employees when it folded still has huge holdings left to unwind.

The bank still owns $10 billion in real estate, $9 billion in equity investments, $3 billion in corporation loans and $2 billion in derivatives, CNNMoney reported Tuesday.

There are also many lawsuits to settle. Notably, Lehman Brothers is entangled in a legal dispute with JPMorgan Chase concerning the rival bank’s role in Lehman Brothers’ bankruptcy.

By one measure, Lehman Brothers has done well since filing for bankruptcy in 2008, as equity markets have risen about 20 percent since then.

On the other hand, it has also had to shell out $1.6 billion in fees since then, CNNMoney said.

 

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Lehman Brothers’ Long Unwinding Road”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.