Barclays said the former executives without the knowledge of the acquisition of Lehman sector risks
YORK August 26 morning news, Barclays (BCS), a former senior trade department to the U.S. bankruptcy court to testify, said the acquisition of Lehman's brokerage sector, the Bank for its risk and knowledge; He also said that the Fed has advised Barclays Bank, Lehman Brothers said it will provide 45 billion U.S. dollars in loans.
during the financial crisis in 2008 was appointed Barclays Bank on the valuation of collateral for loans Stephen - King (Stephen King) testified that he had a call from someone asking whether the security of these loans. He said he had Barclays executive said: "We do not even know what you got, so I can not tell you that these loans are not secured."
Stephen - King is now responsible for operations New York hedge fund C12 Capital Management LP, he is a witness in Manhattan bankruptcy court, because Lehman Brothers, Barclays Bank is on the allegations made to the line of self-defense. In this charge, the Lehman Brothers Barclays returned the latter required the acquisition of the brokerage department at the time was an unknown amount of "unexpected windfall" to pay up to 11 billion U.S. dollars. (Civil and military)
