Lehman Brothers Holdings Chief Executive Bryan Marsal has warned big banks, which are looking to make "windfall profits" by making "outrageously unreasonable" claims against Lehman Brothers` American business.
American International Group (AIG) has asked Thomas Russo, the former in-house lawyer of bankrupt financial services firm Lehman Brothers Holdings, to become the insurance giant’s next general counsel, a media report said.
The ripple effects of the fall of
Lehman Brothers in September last year is evident in the field
of global mergers and acquisitions (M&A), which shrank by
nearly 40 per cent in the 12-month period since then.