'Lehmans ABANDONED UK Staff'-Ex-Employee Reveals Riddle-MISSING BILLIONS- Switched From London to NY

[kpete]

'Lehmans abandoned its UK staff': Ex-employee reveals riddle of missing billions switched from London to New York

By Daily Mail Reporter
Last updated at 2:53 PM on 17th September 2008


Empty desks at Lehman brothers in Canary Wharf, London after all of its workers were told to leave

The US side of collapsed investment bank Lehman Brothers abandoned its employees at the London office, a senior insider at the bank has claimed.

Robert Daniels, a senior head at the firm, says that the $5bn that was transferred to the New York office on Friday evening has left its UK employees high and dry.

Daniels, whose name has been changed to protect his identity, told the Evening Standard of his anger upon learning that the New York subsidiary of Lehmans is doing a deal with Barclays Bank to save its broker/dealer operation.

He said: 'This is the disgusting bit. It has been done at the expense of Lehmans in London.'

http://www.dailymail.co.uk/news/article-1056911/Lehmans-abandoned-UK-staff-Ex-employee-reveals-riddle-missing-billions-switched-London-New-York.html

they only need to band-aide this thing for another few weeks...kpete

[fed_up_mother]

1. It's a race to the bottom

Geez. This is awful.