Lehman Brothers has been declared a defaulter by LCH.Clearnet and the Australian Securities Exchange, barring the failed US bank from trading on the Australian exchange, Liffe and the London Metal Exchange.
Lehman Brothers Holdings filed for Chapter 11 bankruptcy early this morning (Monday September 15) after government-brokered attempts to find a buyer failed over the weekend. No other group companies in the US, including the US broker-dealer and asset management subsidiaries, were...