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Lehman Brothers. Lehman Brothers Inc. ( / ˈliːmən / LEE-mən) was an American global financial services firm founded in 1850. [2] 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.
The bankruptcy of Lehman Brothers, also known as the Crash of '08 on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its ...
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Lehman College is a public college in New York City. Founded in 1931 as the Bronx campus of Hunter College , it became an independent college within CUNY in September 1967. The college is named after Herbert H. Lehman , a former New York governor, United States senator, philanthropist, and the son of Lehman Brothers co-founder Mayer Lehman .
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Richard Severin Fuld Jr. (born April 26, 1946) is an American banker best known as the final chairman and chief executive officer of investment bank Lehman Brothers. Fuld held this position from 1 April 1994 after the firm's spinoff from American Express until 15 September 2008. [4] Lehman Brothers filed for bankruptcy protection under Chapter ...
Founded in 1939, [4] Neuberger Berman is a privately held asset management firm, which is 100% [5] [6] owned by its employees. It serves pension plans, charitable organizations, sovereign wealth funds and other institutions, as well as high-net-worth individuals and mutual fund investors, both directly and through financial intermediaries and ...
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