Lehman Brothers collapsed in September 2008, shocking financial markets and prompting the withdrawal of funding from other banks considered high risk, including Edinburgh-based HBOS and Royal Bank of Scotland.
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Accountant in firing line over Lehman Brothers ‘gimmicks’
Auditor Ernst & Young may have been negligent in the handling of an “accounting gimmick” pursued by Lehman Brothers in an effort to stay solvent, a court-sanctioned investigation has found.
