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Fuld faces fresh Lehman probe

Dick Fuld, the former Lehman Brothers boss who became a symbol of the financial crisis when he was photographed surrounded by protesters’ placards in 2008, faces a congressional hearing into the bank’s collapse. Fuld will be questioned in April following a report into Lehman’s use of the controversial “Repo 105” accounting method which concealed a $50bn (£33.3bn) hole on its balance sheet. Fuld’s lawyer maintains he was not involved with Repo 105 transactions and always worked diligently for Lehman’s shareholders.