Investors that bought up Lehman Brothers debt at reduced prices following its collapse ten years ago are set to see a windfall as PwC, which was charged with winding up the firm, prepares to ask a court to approve its plan to compensate the former creditors.
Paul Singer's activist hedge fund Elliot Advisors is one of the firm's which could be weeks away from slice of a £6bn pay-out from the administrators of the bank's European business, according to The Times....
The US dollar is close to peaking and the risks now seem to be on the downside.
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