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Eight minutes and 19 seconds is the running time of this brief audiobook. It’s also about the time it took Lehman Brothers to collapse in 2008’s global financial crisis, a crisis Lehman Brothers - the giant financial services firm - helped create. Narrated by Luca James Lee in his native Australian accent, this audiobook by iMinds will introduce the casual listener to the key issues surrounding Lehman and its collapse: the rise of the firm, the roots of its financial problems, and the aftermath of its dissolution. If you’ve heard the term "too big to fail" but don’t quite understand the context, this little listening experience is for you.
Lehman Brothers Holding Co. was the fourth-largest U.S. investment bank before the firm's spectacular collapse in 2008. Lehman's global businesses previously generated more than $19 billion in 2007 from its vast capital markets, investment banking, and investment-management businesses.The firm's numerous subsidiaries included Neuberger Berman, Aurora Loan Services, Lehman Brothers Bank, and Eagle Energy Partners.
Lehman's Chapter 11 bankruptcy protection filing on September 15, 2008, marked one of the largest bankruptcies in
Learn about the Lehman Brothers collapse with iMinds insightful audio knowledge series.Lehman Brothers Holding Co. was the fourth-largest U.S. investment bank before the firm’s spectacular collapse in 2008. Lehman’s global businesses previously generated more than $19 billion in 2007 from its vast capital markets, investment banking and investment management businesses.
The firm’s numerous subsidiaries included Neuberger Berman, Aurora Loan Services, Lehman Brothers Bank and Eagle Energy Partners. Lehman’s Chapter 11 bankruptcy protection filing on September 15, 2008 marked one of the largest bankruptcies in U.S. history and sent shockwaves throughout the global financial markets. Lehman’s collapse was also the last time the U.S. Federal Reserve would allow a giant bank to fail after the credit crisis that started in 2007.
Lehman’s collapse came suddenly, but the firm’s long history dates back to 1850, when it was co-founded in Montgomery, Alabama by Emanuel Lehman, and other family members who emigrated to the U.S. from Bavaria. Lehman actually started off as a dry goods store and quickly rode the former cotton boom into a lucrative commodities trading business.
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