Extent Of Foreign Exposure To Lehmans Emerges
The financial impact of the demise of Lehman Brothers is emerging as firms worldwide state their degree of exposure to the bankrupt firm.
Three Chinese banks have some $297.4m (£166.1m) in Lehman Brothers bonds, state media and local reports said.
Swiss Life said it had exposure of $20m Swiss francs (£9.9m) and Swiss Re had exposure of 50m Swiss francs.
German bank KfW transferred 300m euros (£237m) to Lehman after it collapsed on Monday, local media reported. However, a spokesperson for KfW said the transfer had been done in error! That's some error.
Of China's exposure, Industrial & Commercial Bank said it owns Lehman bonds worth $151.8m, according to the Xinhua agency, while Bank of China has $75.6m in bonds and China Merchants Bank had $70m in Lehman bonds.
Meanwhile, UBS said on Tuesday that its exposure to Lehman Brothers was less than $300m.
But Japanese firms' total Lehman exposure was far greater at 440bn yen (£2.3bn), according to an earlier Kyodo news report.
Three Chinese banks have some $297.4m (£166.1m) in Lehman Brothers bonds, state media and local reports said.
Swiss Life said it had exposure of $20m Swiss francs (£9.9m) and Swiss Re had exposure of 50m Swiss francs.
German bank KfW transferred 300m euros (£237m) to Lehman after it collapsed on Monday, local media reported. However, a spokesperson for KfW said the transfer had been done in error! That's some error.
Of China's exposure, Industrial & Commercial Bank said it owns Lehman bonds worth $151.8m, according to the Xinhua agency, while Bank of China has $75.6m in bonds and China Merchants Bank had $70m in Lehman bonds.
Meanwhile, UBS said on Tuesday that its exposure to Lehman Brothers was less than $300m.
But Japanese firms' total Lehman exposure was far greater at 440bn yen (£2.3bn), according to an earlier Kyodo news report.
