Lehman still a big firm five years after collapse

Honey I Shrunk The Banks

Five years after its implosion, Lehman Brothers, once the world's fourth largest bank, is still a giant corporation with roughly 300 employees working full-time in offices all over the world.

CNN money reports that most of its remaining employees work out of two floors of the Time-Life building not far from the bank's former headquarters in midtown Manhattan.

Lehman will eventually cease to exist. A bankruptcy court opted to liquidate Lehman Brothers.

But that unwinding is expected to take at least several more years. Lehman has more than $30bn to recover, and several multi-billion dollar legal fights left over how much creditors will recoup from the remaining assets of Lehman's main U.S. operations.

Affiliates of other international units of Lehman are separately unwinding their stakes, making the overall headcount even higher.

The largest debt holders will only get back a fraction of what they're owed. Still, they have recovered much more than many, including Lehman, had expected.

To access the complete CNN money article hit the link below

Lehman Brothers is still a big bank

Larry Summers withdraws name for Fed chair job

Bank stocks have come back, and they're still going

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News