{"id":10347,"date":"2009-04-15T00:00:00","date_gmt":"2009-04-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"lehman-yields-bonanza-for-the-professionals","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/lehman-yields-bonanza-for-the-professionals.html","title":{"rendered":"Lehman yields bonanza for the professionals"},"content":{"rendered":"<p> Times Online &#8211; Accountants and lawyers who are trying to sort out the European collapse of Lehman Brothers, the American investment bank, have charged more than &pound;100million in fees in six months. <\/p>\n<p> The bonanza shows no sign of abating. PricewaterhouseCoopers (PwC), the administrator, says that costs will accrue at a similar rate over the coming months as a team of nearly 1,500 people unwinds the complex financial web behind the world&#8217;s biggest bankruptcy. <\/p>\n<p> PwC paid a further &pound;114.8 million to 800 employees of the bankrupt bank who stayed on to help to unwind millions of trades between Lehman and other banks and hedge funds. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article6094703.ece\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; Accountants and lawyers who are trying to sort out the European collapse of Lehman Brothers, the American investment bank, have charged more than &pound;100million in fees in six months. The bonanza shows no sign of abating. PricewaterhouseCoopers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4580,10305,2557,4306,4303,1302,8416,4718,10306,4976,4977],"class_list":["post-10347","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-accountants","tag-american-investment-bank","tag-bankruptcy","tag-banks","tag-bonanza","tag-collapse","tag-lawyers","tag-lehman-brothers","tag-pricewaterhousecoopers","tag-six-months","tag-trades"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10347"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10347\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}