Concept information
Preferred term
Lehman Brothers
Definition
- Long one of the United States' largest and most prestigious investment banks, Lehman Brothers had important business interests in investment management, equity and fixed income sales and trading, private banking, private equity, and investment banking. As a result of the global financial crisis that began in 2008, Lehman Brothers faced a massive devaluation of its assets by credit rating agencies, the mass departure of many of its clients, and a plunging share value. [Source: Encyclopedia of White-Collar and Corporate Crime; Lehman Brothers Holdings Inc.]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Lehman_Brothers
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