Lehman's London Ghost Office Nears Wind-Down After 12 Years
- PwC ties up loose ends in ever-shrinking Canary Wharf space
- Administrators are set to vacate by June of next year
The former London headquarters of Lehman Brothers Holdings Inc., in Canary Wharf, London.
Photographer: Simon Dawson/Bloomberg
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Lehman Brothers is finally leaving Canary Wharf, almost a dozen years after the Wall Street giant’s collapse.
The bank’s European arm, which has been in the hands of administrators since September 2008, now takes up just a corner of the 23rd floor of Citigroup Inc.’s tower on Canada Square in London’s eastern financial district. This is where administrators from PwC pick over the last few claims from creditors, and the accountants have given notice that they’ll leave the office by June 2020.