Lehman Brothers Company Description
Lehman Brothers is trying to get back to its fighting weight. The venerable investment bank, which has been one of the top bulge-bracket firms and perennially among the industry leaders in mergers and acquisition advice, debt and equity underwriting, and global finance, suffered a knockout punch and reported nearly $7 billion in losses after becoming embroiled in the global credit crisis of 2007 and 2008. After talks with foreign investors fell through in September 2008, Lehman announced a restructuring plan to stay afloat. But the plan was too little too late for Lehman, which filed for Chapter 11 bankruptcy when it failed to find a buyer for the company and the government did not step in and bail it out.
View the Comprehensive Company Description for Lehman Brothers
The Company Description provides a historical perspective of Lehman Brothers's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Lehman Brothers's evolution in the marketplace.
