Lehman Brothers
Failed investment bank
Lehman Brothers was a global financial services firm whose 2008 bankruptcy became the largest in U.S. history and a defining moment of the global financial crisis.
Founded in 1850, the investment bank's collapse triggered panic across world markets.
The name now serves as shorthand for catastrophic institutional failure and the excesses of Wall Street: We don't want another Lehman Brothers on our hands.
American finance hub
- 1850Year before 1851
- New YorkNortheastern metropolis and state
- financial districtCommercial banking hub area
- Goldman SachsInvestment banking powerhouse
Merrill Lynch · Morgan Stanley · American Express · partnership · legacy
Legal status when insolvent
- insolvencyInability to pay debts
- liquidationSelling assets for cash
- failureLack of success
- downfallSudden loss of power
demise · meltdown · implosion · creditors · receivership · default · freefall · plunge
Severe economic system breakdown
- recessionProlonged economic decline
- bailoutEmergency aid preventing bankruptcy
- contagionDisease spread by contact
- panicUncontrollable sudden fear
turmoil · credit crunch · liquidity · subprime · systemic risk · AIG · TARP · stress test
Advisory services for major transactions
- securitiesTradeable financial assets
- derivativesThings derived from another
- tradingExchanging for value
- underwritingRisk evaluation and acceptance
bonds · equities · mergers · acquisitions · IPO · capital markets · fixed income · repo
Wall Street
American finance hub
- 1850Year before 1851
- New YorkNortheastern metropolis and state
- financial districtCommercial banking hub area
Goldman Sachs · Merrill Lynch · Morgan Stanley · American Express · partnership · legacy
bankruptcy
Legal status when insolvent
- insolvencyInability to pay debts
- liquidationSelling assets for cash
- failureLack of success
downfall · demise · meltdown · implosion · creditors · receivership · default · freefall · plunge · debacle
financial crisis
Severe economic system breakdown
- recessionProlonged economic decline
- bailoutEmergency aid preventing bankruptcy
- contagionDisease spread by contact
panic · turmoil · credit crunch · liquidity · subprime · systemic risk · AIG · TARP · stress test · downturn
investment banking
Advisory services for major transactions
- securitiesTradeable financial assets
- derivativesThings derived from another
- tradingExchanging for value
underwriting · bonds · equities · mergers · acquisitions · IPO · capital markets · fixed income · repo · leverage
- 2000siPhone, Wii, MySpace, YouTube, Hurricane Katrina
- Defunct BrandsPan Am, Enron, Woolworth's, Circuit City, RadioShack
- Defunct OrganizationsLeague of Nations, Warsaw Pact, Pan Am, TWA, Enron
- Famous Failuresflop, bomb, dud, turkey, lemon
- Financial Crisisfinancial crisis, Great Recession, recession, credit crisis, bank failures
- housing crisishousing bubble, housing crash, subprime mortgages, foreclosures, subprime loans
Lehman BrothersAIG
Global insurance conglomerate
JPMorgan Chase · Goldman Sachs · Morgan Stanley · Berkshire Hathaway · survivor
Lehman BrothersAIG
Global insurance conglomerate
General Motors · Fannie Mae · Freddie Mac · Citigroup · Bank of America
Lehman BrothersBerkshire Hathaway
American multinational holding company
Warren Buffett · financial stability · Vanguard · risk-averse · JPMorgan Chase