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Lehman Brothers headquarters in New York City, one year prior to bankruptcy. The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock on September 15, 2008, was the climax of the subprime mortgage crisis.
Lehman Brothers Inc. (/ ... Lehman's bankruptcy was the largest failure of an investment bank since Drexel Burnham Lambert collapsed in 1990 amid fraud allegations. [113]
Lehman Brothers Holding, Inc. ('Lehman') engage in an accounting fraud involving the surreptitious removal of tens of billions of dollars of fixed income securities from Lehman's balance sheet in ...
New York Attorney General Andrew Cuomo has slapped Big Four audit firm Ernst & Young with civil fraud charges for its alleged role in the collapse of Lehman Brothers. The theory is simple: Lehman ...
Repo 105 is Lehman Brothers' name for an accounting maneuver that it used where a short-term repurchase agreement is classified as a sale. The cash obtained through this "sale" is then used to pay down debt, allowing the company to appear to reduce its leverage by temporarily paying down liabilities—just long enough to reflect on the company's published balance sheet.
Accounting giant Ernst & Young is expected to face civil fraud charges by New York prosecutors over its alleged role in the spectacular collapse of Lehman Brothers, according to a Wall Street ...
Geither didn't have to say it, but the Securities and Exchange Commission's civil fraud suit against Goldman Sachs ... "Lehman Brothers operated with very high levels of leverage, and it financed ...
Richard Fuld was portrayed by Corey Johnson in the 2009 BBC film The Last Days of Lehman Brothers. Richard Fuld was portrayed by James Woods in the 2011 HBO film Too Big To Fail. Fuld also appeared in the 2010 documentary Inside Job. [62] In October 2011, a theatrical film titled Margin Call was released, depicting a bank loosely based on ...