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Website. lehman.com. 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.
Herbert Henry Lehman (March 28, 1878 – December 5, 1963) was an American financier and Democratic politician who served as the 45th governor of New York from 1933 to 1942 and represented New York in the United States Senate from 1949 until 1957.
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 ...
He joined the staff of privately held Lehman Brothers in 1963. After rising from head of sales and trading at Lehman to co-CEO, Glucksman, described then as "gruff and tough" beat Pete Peterson , a former United States Secretary of Commerce for control of the then-closely held firm in 1983, a battle documented in the 1986 book Greed and Glory ...
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Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday that the bankrupcty of Lehman Brothers serves as perhaps the best example of the need for ...
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 ...
Saint Joseph's University ( BA) Gonville and Caius College, Cambridge ( BA) University of Pennsylvania ( MA, PhD) John Francis Lehman Jr. (born September 14, 1942) is an American private equity investor and writer who was secretary of the Navy (1981–1987) during the Reagan administration in which he promoted the creation of a 600-ship navy.