Will the whole bank be liquidated?
Unlikely, at least for now. The US Chapter 11 that deals with bankruptcy says that PwC, the administrators, can go about taking its time to find good offers and buyers for Lehman's 'least affected businesses.'
The entire exercise can take months before all of Lehman's assets are sold, given the complexities linked to the bankruptcy.
Image: Pedestrians walk by the New York Stock Exchange in New York City. | Photograph: Spencer Platt/Getty Images
Also read: India's highest paid CEOs
Advertisement
