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Lehman Brothers survived many financial crises in its long history until it was driven into bankruptcy. Learn more about the history behind this famous scandal.
- Subprime Mortgage
Fixed-Interest Mortgages . Another type of subprime mortgage...
- Subprime Meltdown
The subprime meltdown was the sharp increase in high-risk...
- Bear Stearns
By 2007, Lehman Brothers held $111 billion in real estate...
- Lehman Brothers: History, Collapse, Role in The Great Recession
Lehman Brothers was a global financial services firm whose...
- Great Depression
The Great Depression was a devastating and prolonged...
- Credit-Default Swaps
Credit default swaps were issued by American International...
- Subprime Mortgage
On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies.
After losing a total of 93 percent of its market value, Lehman Brothers was forced to file for bankruptcy in September 2008. Lehman Brothers’ failure had lasting negative effects on global markets and became a symbol of the chaos of the financial crisis of 2007–08.
Lehman Brothers was a global financial services firm whose bankruptcy in 2008 was largely caused by—and accelerated—the subprime mortgage crisis.
As of May 2022, parent company Lehman Brothers Holdings, Inc. remained in liquidation before the Bankruptcy Court for the Southern District of New York. Caretaker offices in the US and abroad have continued to oversee payments to the company's creditors.
Ten years ago, investment bank Lehman Brothers filed for bankruptcy in the US. Its UK operations ceased shortly afterwards. The BBC talked to people involved about their recollections of the...
In the UK, the fate of trading data and records locked down on Lehman’s London-controlled systems on September 15 2008 by PwC, administrator of Lehman Brothers International Europe, hangs in...