How will Lehman Brothers bankruptcy impact UK consumers?
Very few UK consumers will have direct exposure to the bank. However, a number of people may have taken out mortgages through its two subsidiaries SPML and Preferred, both of which offered home loans in the UK. The group stopped mortgage lending earlier this year and most of these loans are likely to have been sold on or securitised, meaning they no longer belong to Lehman Brothers.
Related Questions
- Lehman Brothers is not listed as a reference entity in the Minibond Series. How does its bankruptcy lead to an early redemption of the Notes?
- Will there be any coupons payable by Minibond Limited following the filing for Bankruptcy Protection by Lehman Brothers Holdings Inc.?
- What impact could the news about Lehman Brothers have on pension schemes?
