Results tagged “fixed income”

Lehman fixed income staff laid off

By John Hill on September 30, 2008 5:50 PM |

Tagged with:

bankruptcy,
credit crunch,
fixed income,
Lehman Brothers,
redundancies

ADMINISTRATORS sorting through the wreckage of Lehman Brothers have laid off 750 employees with immediate effect.

Sources from within the stricken bank's Wharf headquarters report that representatives from PricewaterhouseCoopers informed staff this afternoon that their security clearance was revoked and they were to leave by 5pm. The cuts will mainly hit the fixed income arm, with other losses coming in the personal investment management team.