IT helps restore Lehman UK

摘要

The failure of Lehman Brothers a year ago highlighted the scale of the financial meltdown and global recession. PricewaterhouseCoopers (PwC) took over as the UK administrator for Lehman Brothers. The firm is responsible for separating the investment bank's UK operations from the global company, which has been taken over by Japanese bank Nomura. Separating the IT systems has proved to be an immense challenge. If it is successful, Nomura will be able to run Lehman Brothers UK as a standalone entity at a significantly lower cost than when it was Lehman Brothers' UK entity.