selected
Financial crisis of 2007–2008: The global financial services firm Lehman Brothers filed for bankruptcy while holding over $600 billion in assets, the largest such filing in U.S. history.
Related Wikipedia articles
2008 financial crisis
Worldwide economic crisis
The 2008 financial crisis, also known as the global financial crisis (GFC) or the Panic of 2008, was a major worldwide financial crisis centered in the United States. The causes included excessive speculation on property values by both homeowners and financial institutions,…Source: Wikipedia (CC BY-SA)
Lehman Brothers
Defunct American financial services firm
Lehman Brothers Inc. 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, with about 25,000 employees worldwide. It was doing business in investment banking,…Source: Wikipedia (CC BY-SA)
Bankruptcy of Lehman Brothers
2008 bankruptcy of American investment bank
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock, on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime…Source: Wikipedia (CC BY-SA)