Banking, finance, and taxes
Lehman Says Barclays (BCS) Took $8.2 Billion Too Much
Published:
Last Updated:
Lehman Bros. has misplaced $8.2 billion and believes that Barclays (BCS) may have made off with it.
Barclays bought some of Lehman’s assets after the investment house filed Chapter 11.
According to AP, “Lehman wants a judge to force Barclays to give back some of the money it took as part of the deal, including $5 billion given as extra collateral. Lehman says the extra value was not disclosed to the court.”
It is surprising that it took Lehman a year to figure out so much money had gone missing.
Douglas A. McIntyre
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.