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What is the ticker symbol for Lehman Brothers?
The ticker symbol for Lehman Brothers Holding Incorporated was LEH but the company no longer exists after it was forced into bankruptcy during the financial crisis of 2008. ...
What were the reasons for the Lehman brothers bankruptcy?
Lehman Brothers became bankrupt as a large part of their loan portfolio comprised of loans for buying real estate. With the meltdown in the property market in US the values of properties became lesser than the the value of loan outstanding. Due to this most of the loans became irrecoverable leading to bankruptcy of Lehman Brothers. ...
When did Lehman Brothers file for Bankruptcy?
Lehman Brothers filed for bankruptcy on September 15, 2008 after it could no longer function during the credit crisis of 2008. Other victims of the financial industry downturn have included Indymac, Bear Sterns, Fannie Mae, and Freddie Mac. ...
Asked in Bankruptcy Law
What company filed the largest corporate bankruptcy?
The Lehman Brothers Holding, INC filed Chapter 11 on 15 September 2008 at $639 billion in pre-bankruptcy assets. It was the largest corporate bankruptcy to date. ...
Asked in American Express
What was Lehman Brothers relationship with American Express?
Shearson/American Express acquired Lehman Brothers in 1984; six years later Shearson Lehman Brothers split its operations into a Shearson retail division and a Lehman Brothers Investing banking/trading division.1990 ...
Asked in Investing and Financial Markets, Stock Market, 2008 Economic Crisis, Lehman Brothers, Dow Jones Industrial Average
By how many points did the Dow Jones fall when Lehman Brothers announced that they were filing for Bankruptcy?
The Dow fell 504 points the day that Lehman Brothers announced their bankruptcy. To be fair the 500 plus point drop can be attributed to the ever worsening credit crisis that is effecting the financial industry. Merrill Lynch was bought out by Bank of America on the same day as the Lehman announcement. It is becoming apparent that AIG and Washington Mutual are on the brink of collapse as well. ...
Is the hit to Dow Jones due to the Lehman Brothers bankruptcy announcement the worst hit it has ever taken?
No, but is was the worst drop since September, 2001.
Asked in Companies, Bankruptcy Law, Lehman Brothers
When did Lehman Brothers accquire Neuberger Berman?
In 2004 Lehman Brothers acquired Neuberger Berman in a deal valued at $2.63 billion. ...
Asked in 2008 Economic Crisis, Lehman Brothers
What were the effects of Lehman Brothers bankruptcy on the economy?
http://wiki.answers.com/Q/What_were_the_effects_of_Lehman_Brothers_bankruptcy_on_the_economy" jan <3<3<3<3<3<3<3<3<3<3 ...
What is ticker symbol for Lehman Brothers Aggregate fund?
The ticker symbol for Lehman Brothers Holding Incorporated is LEH and it is traded on the New York Stock Exchange. ...
Why wasn't Lehman Brothers bailed out by the US government?
There was no one willing to buy Lehman Brothers as there were for other banks, example JP Morgan bought Bear Stearns, and when Richard Fuld, CEO for Lehman Brothers is making 60 million a year for 8 years straight (480 million to be exact) it makes the government think twice. Long story short, the government didn't have much invested in Lehman Brothers. ...
Can banks such as Bank of America file for bankruptcy?
Sure. Many have in the past. However, if it is an FDIC insured bank, depositis up to 100K per account are insured and will not be part of the BK. NO!!!!! Not if you mean the type of bank that accepts deposits. There is no provision in the bankruptcy code to allow banks to file for bankruptcy. Therefore, no bank in the US has EVER filed for bankruptcy. Banks, are, however, placed into involuntary receivership by their chartering authority, which is either usually the...