Background In August 2008, the financial world witnessed a monumental event: the collapse of Lehman Brothers. Founded in 1847, Lehman Brothers grew into the fourth-largest investment bank in the U.S., boasting a dizzying array of holdings and global influence. However, its journey met a calamitous end due to untenable exposure to subprime mortgages and faulty-risk […]
Written by WorldLegacy.Net