|
gptkbp:instance_of
|
gptkb:investment_banking
|
|
gptkbp:academic_programs
|
gptkb:John_Mc_Gowan
|
|
gptkbp:acquired
|
gptkb:Neuberger_Berman
gptkb:Banc_of_America_Securities
E* TRADE's investment banking business
|
|
gptkbp:acquired_by
|
gptkb:Barclays
gptkb:American_International_Group
no one
|
|
gptkbp:acquisition
|
gptkb:Kleinwort_Benson
gptkb:E*_TRADE
gptkb:Neuberger_Berman
gptkb:Bache_Group
gptkb:Banc_of_America_Securities
gptkb:E._F._Hutton
gptkb:Shearson_Lehman_Brothers
gptkb:Lehman_Brothers_International_(Europe)
by Barclays
Barclays acquired North American operations
|
|
gptkbp:acquisition_year
|
gptkb:2000
gptkb:2003
gptkb:2004
gptkb:2006
|
|
gptkbp:advertising
|
Joseph Gregory
|
|
gptkbp:assets_at_bankruptcy
|
$639 billion
|
|
gptkbp:bankruptcy_amount
|
$691 billion
|
|
gptkbp:ceo
|
gptkb:Richard_J._Fuld
|
|
gptkbp:ceo_before_bankruptcy
|
gptkb:Richard_J._Fuld
|
|
gptkbp:collapse_date
|
September 15, 2008
|
|
gptkbp:competitors
|
gptkb:Goldman_Sachs
gptkb:Morgan_Stanley
gptkb:JP_Morgan_Chase
|
|
gptkbp:conducts_research_on
|
gptkb:Joseph_A._La_Vorgna
|
|
gptkbp:credit_rating_before_collapse
|
junk status
|
|
gptkbp:credit_rating_downgrade
|
September 2008
|
|
gptkbp:defunct
|
gptkb:2008
|
|
gptkbp:dissolved
|
gptkb:2008
gptkb:2010
|
|
gptkbp:divisions
|
gptkb:Investment_Management
gptkb:Bank
Fixed Income
Equities
|
|
gptkbp:economic_impact
|
gptkb:losses
recession
global financial markets
job losses
policy changes.
|
|
gptkbp:employees
|
25,000
25,000 (2007)
|
|
gptkbp:employees_at_bankruptcy
|
25,000
|
|
gptkbp:employees_at_collapse
|
25,000
|
|
gptkbp:employs
|
25,000 people at peak
|
|
gptkbp:filed_for_bankruptcy
|
September 15, 2008
|
|
gptkbp:financial_products
|
increased regulation
mortgage-backed securities
derivatives
collateralized debt obligations
|
|
gptkbp:financials
|
gptkb:2008
mortgage-backed securities
derivatives
September 15, 2008
credit default swaps
collateralized debt obligations
largest in U. S. history
largest bankruptcy filing in U. S. history
|
|
gptkbp:founded
|
1850
|
|
gptkbp:founded_by
|
gptkb:Mayer_Lehman
gptkb:Henry_Lehman
gptkb:Emanuel_Lehman
|
|
gptkbp:founded_in
|
gptkb:Montgomery,_Alabama
1850
|
|
gptkbp:founder
|
gptkb:Henry_Lehman
|
|
gptkbp:founding_purpose
|
dry goods store
|
|
gptkbp:funding
|
not received
|
|
gptkbp:government_response
|
no bailout
|
|
gptkbp:has_diversity_initiatives
|
asset management
real estate investments
commercial banking
private equity investments
|
|
gptkbp:has_impact_on
|
Global economy
|
|
gptkbp:has_role
|
gptkb:2008_financial_crisis
|
|
gptkbp:head_of_equities
|
gptkb:David_Goldfarb
|
|
gptkbp:head_of_fixed_income
|
gptkb:Michael_Gelband
gptkb:John_Thain
|
|
gptkbp:head_of_global_capital_markets
|
gptkb:John_Mc_Gowan
|
|
gptkbp:head_of_global_equities
|
gptkb:Michael_Gelband
|
|
gptkbp:head_of_hedge_funds
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_international
|
gptkb:Michael_H._Heller
|
|
gptkbp:head_of_investment_banking
|
gptkb:Thomas_Russo
|
|
gptkbp:head_of_investment_banking_in__africa
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__anguilla
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__antarctica
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__argentina
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__aruba
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__asia
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__bahamas
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__bermuda
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__bolivia
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__bonaire
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__brazil
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__canada
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__cayman__islands
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__chile
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__colombia
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__cuba
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__curacao
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__dominican__republic
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__ecuador
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__europe
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__european__union
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__french__guiana
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__french__southern_and__antarctic__lands
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g15
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g20
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g24
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g33
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g7
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g77
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__g8
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__guadeloupe
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__guyana
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__haiti
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__jamaica
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__latin__america
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__martinique
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__mayotte
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__mexico
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__nato
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__netherlands__antilles
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__oecd
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__paraguay
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__peru
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__puerto__rico
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__reunion
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__saba
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__saint__barthelemy
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__saint__martin
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__saint__pierre_and__miquelon
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__sint__eustatius
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__sint__maarten
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__suriname
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__turks_and__caicos__islands
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__united__nations
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__united__states__virgin__islands
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__uruguay
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in__venezuela
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in_the__caribbean
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in_the__middle__east
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_banking_in_the__united__states
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_management
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_investment_research
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_merchant_banking
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_private_equity
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_real_estate
|
gptkb:David_H._Heller
|
|
gptkbp:head_of_wealth_management
|
gptkb:Robert_W._Mc_Carthy
|
|
gptkbp:headquarters
|
gptkb:World_Financial_Center
gptkb:New_York_City
745 Seventh Avenue, New York City
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Lehman Brothers
|
|
gptkbp:impact
|
gptkb:2008_financial_crisis
global financial crisis
|
|
gptkbp:impact_of_bankruptcy
|
financial crisis of 2007-2008
|
|
gptkbp:impact_on_competitors
|
market share changes
|
|
gptkbp:impact_on_corporate_governance
|
increased oversight
|
|
gptkbp:impact_on_creditors
|
debt recovery issues
|
|
gptkbp:impact_on_financial_education
|
greater awareness
|
|
gptkbp:impact_on_mergers
|
increased scrutiny
|
|
gptkbp:impact_on_regulation
|
gptkb:Dodd-Frank_Act
|
|
gptkbp:impact_on_shareholders
|
stock value decline
|
|
gptkbp:industry
|
gptkb:financial_services
|
|
gptkbp:investment_strategy
|
shift in focus
|
|
gptkbp:key_people
|
gptkb:Richard_J._Fuld
gptkb:Henry_S._Fuld
gptkb:Michael_J._Gelband
gptkb:Richard_S._Fuld_Jr.
gptkb:Robert_E._L._Fuld
gptkb:Thomas_A._Russo
|
|
gptkbp:known_for
|
Mortgage-backed securities
Real estate investments
Derivatives trading
Risk management practices
Innovative financial products
|
|
gptkbp:legacy
|
gptkb:Dodd-Frank_Act
increased scrutiny of banks
financial regulation changes
largest bankruptcy in U. S. history
impact on Wall Street culture
too big to fail concept
|
|
gptkbp:legal_issue
|
lawsuits from creditors
lawsuits from employees
lawsuits from investors
|
|
gptkbp:liabilities_at_bankruptcy
|
$619 billion
|
|
gptkbp:major_industry
|
gptkb:Asset_Management
gptkb:investment_banking
Investment banking
Securities trading
|
|
gptkbp:market
|
capital markets
|
|
gptkbp:merged_with
|
gptkb:American_Express
gptkb:American_International_Group_(AIG)
Shearson
|
|
gptkbp:net_income
|
$4.2 billion
|
|
gptkbp:notable_event
|
gptkb:2008_financial_crisis
bankruptcy filing
financial crisis of 2007-2008
|
|
gptkbp:notable_for
|
Largest bankruptcy filing in U. S. history
|
|
gptkbp:notable_person
|
gptkb:Richard_J._Fuld
gptkb:Erin_Callan
Joseph Gregory
|
|
gptkbp:operates_in
|
gptkb:Europe
gptkb:Asia
gptkb:Australia
gptkb:Japan
Global financial markets
|
|
gptkbp:parent_organization
|
gptkb:Lehman_Brothers_Holdings_Inc.
|
|
gptkbp:post-bankruptcy_assets
|
sold off
|
|
gptkbp:post-bankruptcy_litigation
|
ongoing
|
|
gptkbp:post-collapse_assets
|
liquidated
sold to Barclays
sold to Nomura Holdings
|
|
gptkbp:public_perception
|
banking industry
|
|
gptkbp:reasons_for_collapse
|
gptkb:subprime_mortgage_crisis
loss of investor confidence
high leverage ratio
poor risk management
credit market freeze
decline in housing market
failure to secure emergency funding
|
|
gptkbp:reformed
|
gptkb:2008
|
|
gptkbp:reputation
|
high-risk investment strategies
|
|
gptkbp:restructuring_efforts
|
failed prior to collapse
|
|
gptkbp:revenue
|
$60 billion (2007)
|
|
gptkbp:revenue_in_2007
|
$19 billion
$19.3 billion
|
|
gptkbp:risk_management
|
new standards
|
|
gptkbp:services
|
gptkb:Asset_Management
gptkb:investment_banking
Investment banking
Equity Trading
Fixed Income Trading
asset management
equity trading
fixed income trading
Equity trading
Fixed income trading
equity sales and trading
fixed income sales and trading
|
|
gptkbp:significance
|
largest bankruptcy in U. S. history
|
|
gptkbp:stock_exchange
|
gptkb:New_York_Stock_Exchange
|
|
gptkbp:stock_price_drop
|
over 90% in 2008
|
|
gptkbp:stock_symbol
|
LEH
|
|
gptkbp:subsidiaries
|
gptkb:Lehman_Brothers_International_(Europe)
|
|
gptkbp:subsidiary
|
gptkb:Lehman_Brothers_Holdings_Inc.
gptkb:Neuberger_Berman
gptkb:Lehman_Brothers_International_(Europe)
|
|
gptkbp:sued_by
|
gptkb:U._S._Securities_and_Exchange_Commission
|
|
gptkbp:trade_goods
|
Acquisition of the investment banking division of the Barclays
Acquisition of the investment banking division of the Citigroup
Acquisition of the investment banking division of the Royal Bank of Scotland
Acquisition of Archstone-Smith
Acquisition of BGI
Acquisition of Barclays Global Investors
Acquisition of Neuberger Berman
Acquisition of the investment banking division of the Société Générale
Acquisition of the investment banking division of the BNP Paribas
Acquisition of the investment banking division of the Bank of America
Acquisition of the investment banking division of the HSBC
Acquisition of the North American operations of the Bank of Tokyo-Mitsubishi
Acquisition of the investment banking division of the Credit Suisse
Acquisition of the investment banking division of the Morgan Stanley
Acquisition of the investment banking division of the Goldman Sachs
Acquisition of the investment banking division of the UBS
Acquisition of the investment banking division of the Deutsche Bank
Acquisition of the investment banking division of the Deutsche Bank Securities.
Acquisition of the investment banking division of the Wells Fargo
Acquisition of the investment banking division of the JPMorgan Chase
|
|
gptkbp:traded_on
|
gptkb:New_York_Stock_Exchange
|
|
gptkbp:type
|
gptkb:public_company
|
|
gptkbp:was_involved_in
|
gptkb:Wealth_Management
Mergers and acquisitions
Private equity investments
Hedge fund management
Commercial paper
Commodity trading
Financial advisory services
Real estate investment trusts (REITs)
Investment research
Venture capital investments
Asset-backed securities
Foreign exchange trading
Structured finance
Syndicated loans
Market making
Risk assessment services
Debt underwriting
Equity underwriting
Corporate finance advisory
Proprietary trading
|
|
gptkbp:year_established
|
gptkb:1920
gptkb:1960
gptkb:2000
1887
1900
|
|
gptkbp:bfsParent
|
gptkb:2008_Financial_Crisis
|
|
gptkbp:bfsLayer
|
4
|