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FINANCIAL NEWS
Libya recovers USD127m from Lehman, Cornhill Capital
25 Sep 2016
(MENAFN) Libya”s USD67bn sovereign fund recovered USD73mn from the bankrupt Lehman Brothers and uSD53.8mn from Cornhill Capital after legal battles.
Additionally, the investment authority is involved in a series of disputes with Western firms, not least its USD3.3b claims against investment banks.
Moreover, the dispute with Lehman stems from the collapse of the Wall Street giant in 2008.
The Libyan Investment Authority also recovered USD53.8mn after a three-year battle with UK-based Cornhill Capital.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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