Lehman Pulled Money Out of Anglo Irish Days Before BankruptcyBy
Last-minute withdrawl worsened Irish lender's funding problems
Both banks were victims of 2008 global financial crisis
Days before Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, the U.S. investment bank pulled 350 million euros ($380 million) out of Anglo Irish Bank Corp., exacerbating the Irish lender’s funding crisis.
An internal e-mail circulated between Anglo Irish executives on Sept. 12, 2008, showed the lender lost 2 billion euros in deposits over seven days, including from Lehman Brothers, according to documents shown to jurors at a trial of former finance executives in Dublin Friday.
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