Banking, finance, and taxes
Lehman Says Barclays (BCS) Took $8.2 Billion Too Much
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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
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