Bankruptcy of Lehman Brothers
Five Years After the Financial Collapse, Is the Economy Still at Risk?
Five years ago this month, global markets were stunned when financial services firm Lehman Brothers collapsed. The bankruptcy filing remains the largest in U.S. history, with Lehman holding over $600 billion in assets at the time. Half a decade later, we have Dodd-Frank, the most significant change to financial regulation in the United States since […]
Lehman Brother posts $3.9B loss
In a report released this morning, Lehman Brothers has posted losses of 3.9 billion dollars for the third quarter. Shares of Lehman Brothers have fallen to the lowest level in more than a decade, as investors worry that the firm is running out of options to raise capital. Guest: Matthew Bishop, chief business writer for The Economist