Some Lehman Brothers Lenders Set for Payday 12 Years After Collapse
Investors in two subordinated bonds from Lehman Brothers received word that a payment is coming, just two weeks after the 12th anniversary of one of the world’s most spectacular banking collapses.
The collapse of the one of the world’s largest investment banks on Sept. 15 2008 was the iconic moment of the great financial crisis, prompting fear among policymakers that the global economy would seize up. While the Federal Reserve’s subsequent intervention staved off total disaster, Lehman Brothers has since become a byword for the nadir of the crisis.
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BNN Bloomberg by Tasos Vossos. Published September 30, 2020.