Money | Lehman Brothers Lehman's $8B Transfer of Funds to US Irks Brits British bankruptcy administrators want cash returned, say probe might be warranted By Jim O'Neill Posted Sep 22, 2008 9:02 AM CDT Copied Japan's largest brokerage Nomura Holdings refused to comment Monday, Sept. 22, 2008, whether it was moving to acquire the European unit of U.S. investment bank Lehman Brothers. (AP Photo/Koji Sasahara, File) An $8-billion transfer from Lehman Bros.' European headquarters to its New York headquarters on the day the firm declared bankruptcy is raising issues on both sides of the Atlantic. As the sale of Lehman's US operations to Barclays was approved Saturday, the administrators of the company's bankruptcy filing in Great Britain were demanding that the money be returned, reports the Wall Street Journal, saying it belongs to clients and employees. Meanwhile, Japanese investment bank Nomura Holdings is rumored to be in line to buy Lehman’s European operations, after picking up its Asian assets for $225 million. The US bankruptcy judge decided to approve the Barclays sale despite concerns about the $8 billion, which Lehman officials said was a routine transfer. Read These Next Opposing takes on Trump's 'combative' speech. 2 of Rob and Michele Reiner's kids speak out. Cartoonist Scott Adams paralyzed amid a battle with cancer. Colleagues are heartbroken by murder of sports journalist. Report an error