Topic
Followed by 1.4k people
TOPIC
Lehman Brothers, one of the largest investment banks in the United States, filed for bankruptcy in the early hours of September 15, 2008, after an exodus of clients, drastic falls in its stock prices and downgrades by credit rating agencies. Its collapse has been described as a key point in the global financial crisis, with some commentators referring to a “Lehmans Moment”.
- Bill was passed by the House of Councillors on Friday, amid criticism that the government should focus on reducing the number of children on waiting lists
The US$700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
The US$700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
On Monday, it will be six years since the collapse of Lehman Brothers. With the US economy still operating below par and Europe struggling to stay above water, the question is whether the right medicine was given after 2008.
On Monday, it will be six years since the collapse of Lehman Brothers. With the US economy still operating below par and Europe struggling to stay above water, the question is whether the right medicine was given after 2008.