Plans for ‘sick’ Leman reunion of the staff of brothers for the 10th anniversary of the collapse banged

  • Plans for ‘sick’ Leman reunion of the staff of brothers for the 10th anniversary of the collapse banged
    Independent.t. E.
    Labour condemned the plans of Lehman brothers reunion personnel as “sickening”, and the bankers are preparing for the 10th anniversary of its fall.
    https://www.independent.ie/business/world/plans-for-sickening-lehman-brothers-staff-reunion-for-10th-anniversary-of-collapse-slammed-37232771.html
    https://www.independent.ie/incoming/article37232336.ece/89894/AUTOCROP/h342/ipanews_7da28bdf-8889-43c3-a79e-19f915ce4507_1

  • Email

Labour condemned the plans of Lehman brothers reunion personnel as “sickening”, and the bankers are preparing for the 10th anniversary of its fall.

Shadow Chancellor John McDonnell was to respond to reports that hundreds of former employees are going to meet at a secret location in London to share cocktails and canapés on September 15.

It’s been ten years since Lehman brothers collapsed in 2008, a little over a year after the credit crisis began.

The invitation to the reunion, which was seen and first reported by Financial news, was addressed to “Lehman brothers & Sisters”.

He said: “it’s hard to believe it’s been 10 years since the last Lehman days! … One of the best things about Lehman was the people.

“What better way to celebrate 10 years than each of the former MDS former analysts together again!”

Said Mr McDonnell: “it is absolutely disgusting after a decade, people suffering economy.

“It is especially shameful for all the people who lost their jobs and homes to pay for the salvation of those bankers who caused the financial crisis and amid firefighters, police officers and other public servants, facing years of brutal Tory pay restraint.

“People will be absolutely disgusted about this unacceptable and extremely inappropriate fee”.

The meeting will be held in new York in September and in November in Hong Kong.

The failure of the us banking giant was one of the most infamous and shocking moments of crisis, the escalation of the credit crisis in full-scale chaos in the market.

This fall will mark 10 years since the UK government has thrown billions of pounds a lifeline of taxpayers in the banking sector, with a share in Royal Bank of Scotland (RBS), lloyds TSB and SERIALCHIKOV

Lloyds TSB would take over the patient SERIALCHIKOV to become lloyds banking group, which at its peak was 43% owned by the taxpayer, and only went fully private in 2017.

The British government still holds about 62pc of RBS.

Online Business Classes