Lehman Brothers is finally leaving Canary Wharf, almost a dozen years after the Wall Street giant’s collapse. This is where administrators from PwC pick over the last few claims from creditors, and the accountants have given notice that they’ll leave the office by June 2020. The departure is a “significant mark" in the process of finally wrapping up Lehman’s legacy, Russell Downs, PwC’s joint administrator, said in an interview. Fewer than 20 people from PwC are now working to wind up Lehman Brothers International Europe, down from about 750 during the first few years after the financial crisis. Lehman’s previous European headquarters was across a square from where the PwC administrators now toil.

Source: Mint May 06, 2019 04:41 UTC