El notes

Mar/10

13

Investigation revealed new details in the bankruptcy Lehman Brothers

author of the report, investigating the bankruptcy of a court decision, noted that a large contribution to the collapse of the bank made a major short-term creditors of Lehman Brothers – the U.S. banks JP Morgan and Citi. The main reason for bankruptcy was the lack of liquidity, which including the partners’ actions caused the bursting of the bank. They changed their warranty agreements and required to make additional deposits, which directly affected the liquidity of Lehman Brothers, said in the report. In addition, the bank caught in manipulating the accounts. Thus, Lehman Brothers tried to show the decline in the use of borrowed funds, said “Russia 24″.

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