Results tagged “administration”

Administrators for Lehman Brothers have admitted some creditors may lose their money.

The European wing of the bank estimated it had a $17billion cushion when it went bankrupt in September, but current caretakers PricewaterhouseCoopers doubt this will be adequate when assets fall and liabilities inevitably rise.

WATCH out HSBC - here come the brides.

A throng of angry married couples stormed Canary Wharf on Wednesday to picket the Canada Square bank about its role in the collapse of online wedding gifts firm Wrapit.