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Lehman Brothers. Lehman Brothers Inc. ( / ˈliːmən / LEE-mən) was an American global financial services firm founded in 1850. [2] 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.
The Lehman Trilogy is a three-act play by Italian novelist and playwright Stefano Massini. It follows the lives of three immigrant brothers from when they arrived in America and founded an investment firm through the collapse of the company in 2008. It has been translated into 24 languages, staged by such directors as Luca Ronconi and Sam ...
The bankruptcy of Lehman Brothers, also known as the Crash of '08 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 mortgages, the Federal Reserve summoned several banks to negotiate financing for its ...
Lehman College is a public college in New York City. Founded in 1931 as the Bronx campus of Hunter College , it became an independent college within CUNY in September 1967. The college is named after Herbert H. Lehman , a former New York governor, United States senator, philanthropist, and the son of Lehman Brothers co-founder Mayer Lehman .
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Lehman family. The Lehman family (also Lehmann, Liehmann or Liehman) is a prominent family of Jewish German-Americans who founded the financial firm Lehman Brothers. Some were also involved in American politics. [1] Members have married into the prominent Morgenthau, Loeb, and Bronfman families.
Richard Severin Fuld Jr. (born April 26, 1946) is an American banker best known as the final chairman and chief executive officer of investment bank Lehman Brothers. Fuld held this position from 1 April 1994 after the firm's spinoff from American Express until 15 September 2008. [4] Lehman Brothers filed for bankruptcy protection under Chapter ...
Shortly after Glucksman took control, however, the firm experienced a sharp drop in profits. That resulted in a forced sale by Lehman's partners to American Express in 1984. American Express paid $360 million for the firm. Glucksman joined Primerica Financial Services after Citigroup Inc. founder Sanford Weill acquired the company in 1988.