Lehman cash returned to clients
Thursday 14 April 2011
The administrator of Lehman Brothers' European division has recovered and returned another £2.1bn to the collapsed bank's clients, according to their latest update.
PricewaterhouseCoopers said it has also realised £1.6bn from asset sales in the past six months, which could eventually be used to repay some of the money lost by creditors when Lehman went under in September 2008.
PwC was paid an extra £66m in fees in the period, taking its total receipts so far to £325m.
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