15 Years Ago Lehman Brothers Collapsed Ahead of 2008 Crisis
15 years ago today, the $680 billion asset management firm Lehman Brothers collapsed ahead of a recession and, subsequently, the 2008 financial crisis. Indeed, the bankruptcy filing remains the largest in United States history more than a decade later. The collapse remains one of the largest of its kind in the history of the United States. Moreover, the events that preceded the crisis remain a cautionary tale for the financial sector. Still, with $613 billion in debt, the event incited an economic tailspin for the country. 15 years ago today, $680 billion asset manager Leham Brothers collapsed, triggering a recession in the US known as the 2008 financial crisis. To this day, it remains the largest bankruptcy filing in US history. pic.twitter.com/sszi12xt37 — Watcher.Guru (@WatcherGuru) September 15, 2023 Also Read: BlackRock, Amundi Predict US Recession by the End of 2023 15 Years Ago Today, Lehman Brothers filed for the US’ Largest Bankruptcy To this day, a...