Lehman Brothers Holdings

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Federal Home Loan Bank of New York will pay $70 million to Lehman Bros. in settlement

Apr 13, 2017By

The Federal Home Loan Bank of New York agreed to pay $70 million to the bankruptcy estate of Lehman Brothers to settle charges that the bank undervalued interest rate swaps it held with Lehman as the company collapsed in 2008. Here are the details on the settlement.

3d rendering of a row of luxury townhouses along a street

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