Lehman Brothers

Lehman Brothers Holdings Inc. was a global financial services firm. Before filing for bankruptcy in the year 2008, Lehman was the fourth-largest investment bank in the United States, doing business in investment banking, equity and fixed-income sales and trading, research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic losses in its stock, and devaluation of assets by credit rating agencies, largely sparked by a loss of confidence, Lehman's involvement in the subprime mortgage crisis, and its exposure to less liquid assets. Lehman's bankruptcy filing is the largest in US history, and is thought to have played a major role in the unfolding of the financial crisis of 2007–2008. The market collapse also gave support to the "Too big to fail" doctrine.

https://en.wikipedia.org/wiki/Lehman_Brothers

Scams and shams: The biggest frauds in business

Over the years many businesses have come and gone. But only a few have focused on scamming people out of their hard-earned money.

discovered 4 months ago on MSN News
Tesla's Musk, Greenlight's Einhorn taunt each other on Twitter

Einhorn on Oct. 30 had told his investors at Greenlight Capital that his fund had lost money on...

discovered 4 months ago on Reuters via Yahoo Finance
The Fed Is Going To Push Stocks To Levels You Won’t Believe

The last time the Fed was expanding its balance sheet at this pace was when Lehman Brothers failed...

discovered 4 months ago on Investing.com
Musk Mocks Hedge Fund Owner Einhorn Over Tesla Shorts

Chief Executive Officer Elon Musk took to Twitter on Friday to taunt short-seller David Einhorn in...

discovered 4 months ago on US News & World Report
As unicorns like WeWork and Uber test the IPO market with disastrous results, America's biggest...

Peter Mallouk of Creative Planning has been named one of the best wealth managers in the country by...

discovered 4 months ago on Business Insider
Alpaca nabs $6M for stocks API so anyone can build a Robinhood – TechCrunch

Stock trading app Robinhood is valued at $7.6 billion, but it only operates in the U.S. Freshly...

discovered 4 months ago on TechCrunch
Big bosses who profited when their businesses were going under

Rewarding CEOs and other senior staff members for failure is all too common in the corporate world....

discovered 4 months ago on MSN News
UBS fined $51 million by Hong Kong regulator for overcharging clients

Swiss bank UBS was fined HK$400 million ($51.09 million) by Hong Kong's securities regulator for...

discovered 4 months ago on Reuters via Yahoo Finance
Former Volvo CEO: I never got a golden parachute. Other CEOs shouldn't either

Yes, I left Volvo with the customary pension, but the prospect of a golden parachute did not even...

discovered 4 months ago on CNN.com
UBS fined US$51 million by Hong Kong regulator for systematically overcharging bond clients for...

"The SFC expects all intermediaries to uphold high standards of integrity when managing trades for...

discovered 4 months ago on South China Morning Post via Yahoo Finance