French financial institutions to Lehman Brothers more than 2.8 billion
25, according to local media reports, the French financial institutions to file for bankruptcy protection, Lehman Brothers, the amount of compensation made by more than 2.8 billion U.S. dollars.
It is reported that as of this month on the 22nd New York Southern District Court to determine the final declaration of the period, there are nine French financial institutions to Lehman Brothers liquidation side made a request for recovery of compensation. Among them, the Paris banks for recovery of compensation of up to 1.3 billion U.S. dollars, the Industrial Bank of 800 million U.S. dollars, France and Belgium, a joint venture between Dexia compensation for 400 million U.S. dollars, AXA Insurance Group and savings banks recover compensation 186 million U.S. dollars respectively, and 1.18 billion U.S. yuan.
In addition, the proposed application for recovery of compensation also four non-financial enterprises, including the construction giant Vinci Group, Egypt, France, Japan Group, a subsidiary of a highway management company, as well as Air France and state-owned railway company, but the amount of their recovery is not yet clear.
Last year, September 15, the fourth-largest U.S. investment bank Lehman Brothers announced bankruptcy protection, triggered a global financial crisis. Statistics show that when Lehman assets of 639 billion U.S. dollars, but the debt had reached 613 billion U.S. dollars, while its holdings of a large number of “toxic assets” at any time may be allowed to fall into insolvent predicament.
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