Business News and Information
Lehman Brothers and the collaboration with Barclays for their UK staff
Barclays announced to Lehman Brothers UK staff that it might include some of the investment bank's London operations in a deal to buy the business.
Lehman Brothers Bank Collapse
Lehman Brothers America’s fourth largest bank heads into bankruptcy Monday. According to the company’s announcement “Lehman Brothers Holdings Inc. (“LBHI”) announced today that it intends to file a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York.
The Collapse of XL.com
The collapse of XL.com, the UK’s third largest holiday company, has left around 70,000 Britons stranded abroad and thousands more at airports in UK last week.