French banks sue over Lehman collapse

We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later.

Advertisement

This was published 14 years ago

French banks sue over Lehman collapse

France's top banks are demanding billions of dollars from the administrator of failed Wall Street investment bank Lehman Brothers, official documents show.

BNP Paribas is claiming around $US1.3 billion ($A1.5 billion), Societe Generale $US800 million ($A924.21 million) and Dexia $US400 million ($A462.11 million), according to AFP's calculations based on documents for the administrator published on the site Epiq Systems on Friday.

Other French banks and insurers are claiming hundreds of millions of dollars more. The deadline for claims set by the US bankruptcy court was September 22, more than a year after the shock failure of Lehman Brothers.

Lehman's collapse on September 15, 2008 sowed panic in boardrooms, government offices and households around the world and has come to symbolise the beginning of a steep slump that plunged the global economy into recession.

Most Viewed in Business

Loading