• Lehman Brothers was a global financial firm that provided investment banking, trading, brokerage and other services.

  • It was the fourth largest investment bank in the US.
  • The firm filed for bankruptcy on September 15, 2008 due to the subprime mortgage market.
  • Its collapse is seen as a deepening of the 2008 financial crisis and is considered one of its defining moments.
  • Barclays Bank and Nomura Holdings acquired Lehman’s assets after its bankruptcy.