Finance
Lehman’s London Arm to Close, 17 Years and £28 Billion Later
The reception desk in the Lehman Brothers offices in London in 2008.
Photographer: Johnny Green/PA Wire/AP PhotoLehman Brothers’s London unit can finally close, a little over 17 years after the US lender collapsed in one of the largest bankruptcies ever.
A London judge ruled Wednesday that the administration of Lehman Brothers International Europe could be concluded, with the company having satisfied all of its creditors. The administration of the firm began after the collapse of its US parent on Sept. 15, 2008, the harbinger of the global financial crisis.