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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. [3][4] It was doing business ...
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 mortgages, the Federal Reserve summoned several banks to negotiate ...
The Report of Anton R. Valukas is an examination into the demise of Lehman Brothers, a formerly dominant global financial institution, that collapsed into bankruptcy during the Financial crisis of 2007-2010. Anton Valukas, chairman of the Chicago law firm Jenner & Block, was appointed by a bankruptcy court in New York in early 2009 to report on ...
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The Lehman Trilogy. 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 Lehman Brothers in 2008. It has been translated into 24 languages, staged by such directors as ...
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President and COO of Lehman Brothers at bankruptcy. Herbert "Bart" H. McDade III is an American businessman who was the President and COO of Lehman Brothers at the time of its bankruptcy. During the end of Lehman's existence, McDade was tasked with largely running the firm and saving it as the then CEO, Richard Fuld was largely sidelined.