Bloomberg News

HSBC Will Return $52 Million to Bankrupt Lehman Brothers

February 03, 2012

Jan. 30 (Bloomberg) -- HSBC Bank Plc will return about $52 million to bankrupt Lehman Brothers Holdings Inc. in the latest stage of a transfer of collateral, Lehman said in a court filing.

HSBC originally held about $450 million of Lehman assets in Eurodollar accounts, some of which are offset by the bank’s claims against Lehman, according to the filing.

To contact the reporter on this story: Linda Sandler in New York at

To contact the editor responsible for this story: Michael Hytha at

Coke's Big Fat Problem

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus