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Lehman Brothers

Lehman chief to face music on Capitol Hill

By Stephanie Kirchgaessner in Washington

Published: October 5 2008 23:30 | Last updated: October 5 2008 23:30

Richard Fuld, the Lehman Brothers chief executive who has kept a low profile since the collapse and bankruptcy of the once-venerable Wall Street bank, is expected to appear on Capitol Hill on Monday. There, he is likely to face a verbal lashing by lawmakers for his role in the financial crisis.

A hearing on Monday by the House oversight committee, in which Mr Fuld has been asked to testify about Lehman’s bankruptcy, is the first public examination of Wall Street’s failures since Congress approved an unprecedented $700bn rescue plan to shore up the financial markets.

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