<p>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.</p> <p>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.</p> <p>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.</p> 2009-06-30T18:56:08-04:00 lehman-brothers 7388992 Politics, Law & Business 2009-06-30T18:56:08-04:00 2010-02-02T22:14:45-05:00 iMinds Pty Ltd Bank, Bernanke, Economy, Greenspan, Lehman, Monetary Policy 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. 2009-06-30T02:44:01-04:00 manual 0 20661602 deny 1 MP3 AudioBook 1 1.69 7388992 false AUWD30900005 false 2010-02-02T22:14:56-05:00 2010-02-02T22:15:05-05:00 manual 0 32579372 deny 1 ePUB eBook 2 1.69 7388992 false 9781921746253  false 2010-02-02T22:15:05-05:00 2009-06-30T18:56:40-04:00 15075862 1 7388992 2009-06-30T18:56:40-04:00 http://cdn.shopify.com/s/files/1/0032/9902/products/lehman.jpg?1265170713 Format