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Lehman Brothers Inc. (/ ˈ l iː m ən / LEE-mən) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide.
Feb 29, 2024 · Learn how Lehman Brothers, a once-prominent investment bank, collapsed in 2008 amid the subprime mortgage meltdown. Explore the history, causes, and consequences of its failure and its role in the global economic crisis.
Lehman Brothers headquarters in New York City, one year prior to bankruptcy. The bankruptcy of Lehman Brothers, also known as the Crash of '08 on September 15, 2008, was the climax of the subprime mortgage crisis.
Dec 31, 2022 · Learn about the origins, rise, and fall of Lehman Brothers, a global financial firm that declared bankruptcy in 2008 amid the subprime mortgage crisis. Find out how its failure triggered a global selloff and contributed to the Great Recession.
- Will Kenton
bankruptcy of Lehman Brothers, collapse of the investment bank Lehman Brothers that occurred on September 15, 2008. It was the largest bankruptcy in U.S. history at that time, and it was among the most significant events of the financial crisis of 2007–08.
Sep 15, 2023 · The financial giant Lehman Brothers filed for bankruptcy on Sept. 15, 2008, with $613 billion in debt, putting thousands of employees out of work and sending the already recessionary economy into...
Sep 28, 2022 · The largest securities brokerage liquidation in U.S. history ended with more than $115 billion returned to customers and creditors. The 14-year process involved complex issues, multiple affiliates, and unprecedented recoveries under the Securities Investor Protection Act.
