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Lehman Brothers Holdings Inc.
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehman's involvement in the subprime mortgage crisis and its exposure to less liquid assets. Lehman's bankruptcy filing was the largest in US histor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Lehman
Henry Lehman (born Hayum Lehmann; September 29, 1822 – November 17, 1855) was a German-born American businessman and the founder of Lehman Brothers, which grew from a cotton and fabrics shop during his life to become a large finance firm under his brothers' descendents. Life and work Lehman was born under the name of Hayum Lehmann to a Jewish family, the son of Eva (Rosenheim) and Abraham Lehmann, a cattle merchant in the small Franconian town of Rimpar near Würzburg. Lehman emigrated to the United States in 1844, where he changed his name to Henry Lehman. He settled in Montgomery, Alabama, and opened a dry goods store named, "H. Lehman". In 1847, following the arrival of his younger brother Emanuel Lehman, the firm became, "H. Lehman and Bro." With the 1850 arrival of Mayer Lehman, the youngest brother, the firm became "Lehman Brothers". In those years, cotton was the most important crop of the Southern United States. Capitalizing on cotton's extremely high market value ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
