Lehman Brothers

Lehman Brothers was a global financial services firm that provided investment banking, financial advisory, asset management, and securities sales and trading services to clients worldwide. Founded in 1850, the company grew to become one of the largest investment banks in the world, playing a significant role in many of the major financial transactions during its more than 150-year history. However, in 2008, Lehman Brothers filed for bankruptcy amid the global financial crisis, marking one of the largest bankruptcies in history and sending shockwaves through the financial industry. Despite its downfall, Lehman Brothers remains a notable entity in the history of finance and serves as a cautionary tale of the dangers of unchecked risk-taking and poor management practices.