Entries tagged "Lehman Brothers Holdings"
Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....
The Chapter 11 filing of Lehman Brothers Holdings Inc. reveals that Citigroup Inc. and Bank of New York Mellon Corp. are the largest creditors with claims of over $138 billion in bond debts as an indentured trustee. Japan's Aozora Bank Ltd., which is owned by buyout firm Cerberus Capital Management LP, is owed $463 million in unsecured bank loans. A number of other Asian firms are also owed smaller amounts. Check out the voluntary filing petition after the jump....
A group of private equity firms is reportedly gathering to bid on the insurance assets of the Royal Bank of Scotland Group plc....