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"The monopoly of a single bank is certainly an evil. The multiplication of them was intended to cure it; but it multiplied an influence of the same character with the first, and completed the supplanting of the precious metals by a paper circulation. Between such parties the less we meddle the better."

- Thomas Jefferson (Letter to Albert Gallatin - 1802)
Home The News Miscellaneous Ambac, BofA, German Central Bank Add to Lehman Claims
Ambac, BofA, German Central Bank Add to Lehman Claims
News - Miscellaneous
Written by Reuters   
Friday, 25 September 2009 13:28
NEW YORK (Reuters) - Ambac Financial Group (ABK.N), Bank of America (BAC.N) and Germany's central bank are among new entities claiming assets against Lehman Brothers (LEHMQ.PK) after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.

Claims administrator Epiq Systems added the new claims to its Web site on Friday after a deadline for posting demands relating to derivatives and other transactions passed this week.

Ambac Assurance, the bond insurance arm of Ambac Financial, has filed around $1.3 billion in claims relating to mortgage securitizations.

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