One year on from the collapse of Lehman Brothers, which marked the start of the financial meltdown, the bank’s former customers are demanding their money back.
Protesters in Frankfurt took their demands to Citibank. It was through them that Lehman financial products were sold to the investors who are now left with nothing. One protester said: “I lost 41,000 euros, my life insurance, which I invested with Citibank.” In London, Lehman victims took their fight for compensation to the regulators, the Financial Services Authority. An estimated 6,000 people, many of them retired and relying on a monthly income, bought investments that turned out to be backed by the failed bank.