http://www.nytimes.com/2008/09/16/business/16lehman.html
Lehman Brothers was founded in 1850. Lehman Brothers was a global financial services company in the United States.Highlighted in investment banking, fixed income investments, commercial banking and banking services in general.
Everybody thought that this multinacional never would fall, but in 2007, it occurred. In 2007 the company was seriously affected by the financial crisis caused by subprime lending. From this moment, the firm started to have a lot of losses, and definitely,in 2008, the company went bankrupt. It was the biggest bankruptcy in the history so far.
Finally,In September of 2008, Barclays acquired the company.
As a conclusion, any company can fall if it doesn´t do the things rightly.
Greetings:
Àlex
No hay comentarios:
Publicar un comentario