Lehman Brothers Holdings Inc. (former NYSE ticker attribute LEH) ( /ˈliːmən/) was a all-around cyberbanking casework firm. Before declaring defalcation in 2008, Lehman was the fourth better investment coffer in the USA (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), accomplishing business in investment banking, disinterestedness and fixed-income sales and trading (especially U.S. Treasury securities), research, investment management, clandestine equity, and clandestine banking.
On September 15, 2008, the close filed for Chapter 11 defalcation aegis afterward the massive departure of a lot of of its clients, desperate losses in its stock, and abasement of its assets by acclaim appraisement agencies. The filing apparent the better defalcation in U.S. history,4 and is anticipation to accept played a above role in the advance of the late-2000s all-around cyberbanking crisis. The afterward day, Barclays appear its acceding to purchase, accountable to authoritative approval, Lehman's North American investment-banking and trading capacity forth with its New York address building.56 On September 20, 2008, a revised adaptation of that acceding was accustomed by US Defalcation Court Judge James M. Peck.7 The next week, Nomura Holdings appear that it would access Lehman Brothers' authorization in the Asia-Pacific region, including Japan, Hong Kong and Australia,8 as able-bodied as Lehman Brothers' investment cyberbanking and equities businesses in Europe and the Middle East. The accord became able on October 13, 2008
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