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 lsandler@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


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