The European arm of collapsed US investment bank Lehman Brothers is hiring bankers and paying generous bonuses in London, as it recruits middle and back office staff to help administrators PwC check millions of transactions that must be reconciled with clients and trading partners. A judge overseeing Lehman’s US bankruptcy in New York last week approved an extra $50m in bonus pay-outs to some 230 derivatives traders working to unwind the dead bank’s $10bn portfolio.

This entry was posted by Gwen Robinson on Tuesday, December 22nd, 2009 at 2:41 and is featured in The 6am Cut London (22 Dec 2009) . Tagged with Lehman Brothers, PWC. Edit this entry.