Have Two Former Lehman Brothers Traders Cracked The Code On Electronic Bond Markets?
On September 13, 2008, JP Morgan pulled $15B of repo financing from Lehman Brothers, forcing the company into bankruptcy. If the Fed’s (new) colossal repo market backstop was available back then, the ill-fated bank would have lived to fight another day. (1)
India's real GDP growth is forecast to weaken for the third straight year to its worst performance since the collapse of Lehman Brothers
Lehman Brothers' failure in 2008 triggered a massive financial crisis and upended the lives of thousands of former employees. Former executive assistant Jayson Berkshire worked at the bank for a decade and has struggled to find another full-time job since.
As the desperation for yield makes banks more willing to gamble, it seems foolish for the U.S. and Europe to be softening the rules: Banks are safer than they were before Lehman Brothers imploded, but critical weaknesses remain
Things that didn’t exist when Lehman Brothers collapsed this day in 2008: Uber Instagram Bitcoin iPad Snapchat Apple Maps Angry Birds Kickstarter GoFundMe WhatsApp Apple Watch FB Messenger Candy Crush Pinterest Alexa Venmo WeWork WeChat Tinder Twitch Siri Square Stripe Slack
10 years ago this week, Lehman Brothers filed for bankruptcy. It was a key turning point in a financial crisis that would ultimately cost 9 million people their jobs & millions more their homes & savings. Many working families are still struggling to recover what they lost.