Events tagged with "lehman brothers"

Historical Events tagged with "lehman brothers"

Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.

Economics & Industry

Lehman Brothers files for Chapter 11 bankruptcy

September 15th, 2008 16 years ago

Lehman Brothers, a major global financial services firm, filed for Chapter 11 bankruptcy in New York, marking the largest bankruptcy in U.S. history. The firm faced severe liquidity issues due to its high exposure to subprime mortgages and the collapsing housing market. The filing, which took place on September 15, created immediate turmoil in the global financial markets, leading to a crisis that would affect economies worldwide. The collapse was a pivotal moment in the financial crisis of 2008.