Arab Today, arab today jpmorgan to pay 800 mln in lehman bankruptcy case
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

JPMorgan to pay $800 mln in Lehman bankruptcy case

Arab Today, arab today

Arab Today, arab today JPMorgan to pay $800 mln in Lehman bankruptcy case

NEW YORK ? AFP

US banking giant JPMorgan Chase agreed to pay some $800 million to settle claims stemming from the massive bankruptcy of Wall Street firm Lehman Brothers in 2008, a court trustee said. James Giddens, the trustee for Lehman Brothers, said the cash and securities would help cover some of the losses in the massive collapse that was a key point in the global financial crisis. \"This is a milestone, The agreement will increase funds held by the LBI Estate available for distribution to public customers of LBI by more than $800 million in cash and securities,\" Giddens said. He said the deal came after both parties cooperated in working through \"complex and difficult issues.\" Lehman\'s September 2008 collapse marked the largest bankruptcy in history, triggering a financial shockwave that dragged the global economy into recession. Claims from creditors were believed to be a whopping $875 billion, much of which would be written off under the reorganization. A large portion of Lehman\'s assets were acquired by British bank Barclays for $250 million. JPMorgan Chase said the settlement would not affect its results.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jpmorgan to pay 800 mln in lehman bankruptcy case Arab Today, arab today jpmorgan to pay 800 mln in lehman bankruptcy case

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jpmorgan to pay 800 mln in lehman bankruptcy case Arab Today, arab today jpmorgan to pay 800 mln in lehman bankruptcy case

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday