Founded in 1850, Lehman Brothers filed for bankruptcy in 2008 due to its overexposure to subprime mortgages through securitization and derivatives trading. Its collapse exacerbated the global financial crisis and had far-reaching consequences. Money market funds broke the buck due to Lehman losses. Lehman's $639 billion in assets and $613 billion in debt overwhelmed the bankruptcy system. Its failure devastated the financial industry and significantly deepened the worldwide economic recession.
Short presentation on fall of the 4th biggest investment bank firm in United States during the period of financial crisis in 2008 which ultimately started recession in Unites States Of America and subsequent impact on whole world of economy.
Short presentation on fall of the 4th biggest investment bank firm in United States during the period of financial crisis in 2008 which ultimately started recession in Unites States Of America and subsequent impact on whole world of economy.
On September 15, 2008, Lehman Brothers Holdings Inc filed for bankruptcy. It filed for protection under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. It filed with $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide.
Introducing Subprime Mortgage Crisis PowerPoint Presentation Slides. The presentation highlights the impact of the financial crisis of the year in percentages. Take the advantage of our ready-to-use PPT template to showcase fall in housing prices, unemployment, etc. during a crisis. The impact of a great recession on investment banks is also discussed in this presentation. This content-ready slide design also illustrates the significant financial bubble burst of financial years. Highlight the cost of the financial crisis and its key members. The effects of the crisis on the economy of the US can be effectively discussed using our PPT theme. Showcase how the crisis started spreading in various other parts of the country with the use of this PPT visual. Depict how CDO customers protect themselves during the recession. Explain the effect of subprime in many countries with this PPT theme. Further, describe the current scenario after a decade of a financial crisis in the US. Explain fed tapering, quantitative easing, etc. effectively by using this PPT slideshow. At last, the presentation discusses the vision, mission, and goals of the company. https://bit.ly/2PeSvsw
This presentation explains the events and causes that led to Global Financial Crisis in 2007-08, mainly focused on Collateralized Debt Obligations, Sub-Prime Mortgages, Credit Default Swaps and Housing Bubble.
About collapse of Lehman Brothers. A global financial services firm which filed bankruptcy in 2008, thereby, leading to worldwide crisis of economic downturn especially in US.
The presentation includes brief points, so it would be better if the reader goes through them in detail which would really help. This was created by our team for educational purpose.
Hope this helps.
Group Presentation on the events surrounding Lehman Brothers. An insight into the rules of corporate governance rules and bailout comparison between USA and UK.
A presentation on subprime mortgage crisis and its impact on Indian Banking Sector. This also includes the debacle of lehman Brothers which laid the foundation of Recession
On September 15, 2008, Lehman Brothers Holdings Inc filed for bankruptcy. It filed for protection under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. It filed with $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide.
Introducing Subprime Mortgage Crisis PowerPoint Presentation Slides. The presentation highlights the impact of the financial crisis of the year in percentages. Take the advantage of our ready-to-use PPT template to showcase fall in housing prices, unemployment, etc. during a crisis. The impact of a great recession on investment banks is also discussed in this presentation. This content-ready slide design also illustrates the significant financial bubble burst of financial years. Highlight the cost of the financial crisis and its key members. The effects of the crisis on the economy of the US can be effectively discussed using our PPT theme. Showcase how the crisis started spreading in various other parts of the country with the use of this PPT visual. Depict how CDO customers protect themselves during the recession. Explain the effect of subprime in many countries with this PPT theme. Further, describe the current scenario after a decade of a financial crisis in the US. Explain fed tapering, quantitative easing, etc. effectively by using this PPT slideshow. At last, the presentation discusses the vision, mission, and goals of the company. https://bit.ly/2PeSvsw
This presentation explains the events and causes that led to Global Financial Crisis in 2007-08, mainly focused on Collateralized Debt Obligations, Sub-Prime Mortgages, Credit Default Swaps and Housing Bubble.
About collapse of Lehman Brothers. A global financial services firm which filed bankruptcy in 2008, thereby, leading to worldwide crisis of economic downturn especially in US.
The presentation includes brief points, so it would be better if the reader goes through them in detail which would really help. This was created by our team for educational purpose.
Hope this helps.
Group Presentation on the events surrounding Lehman Brothers. An insight into the rules of corporate governance rules and bailout comparison between USA and UK.
A presentation on subprime mortgage crisis and its impact on Indian Banking Sector. This also includes the debacle of lehman Brothers which laid the foundation of Recession
Lehman Brothers was the largest bankruptcy in the history of United states.It was the the fourth biggest investment bank in United States until it filed for the bankruptcy in September 2008.The size of the bankruptcy was as much as the five subsequently largest bankruptcies combined and more than one and a half time the gross domestic product of Sweden in 2009.
Severe Global Financial Crisis Triggered in 2008pravanbg1
The Great Recession of 2008 was a severe worldwide economic crisis considered the most significant downturn since the Great Depression of the 1930s. It began with the collapse of the United States housing market in late 2007, which triggered a global financial crisis. The crisis was fueled by a combination of factors, including the widespread use of complex financial products tied to housing loans, excessive risk-taking by banks, and inadequate regulatory oversight.
At the heart of the crisis were subprime mortgages—high-risk loans made to borrowers with poor credit histories. When the housing bubble burst, home prices plummeted, and many homeowners defaulted on their loans. Financial institutions, heavily invested in mortgage-backed securities and derivatives, faced massive losses. Lehman Brothers, one of the largest investment banks in the world, filed for bankruptcy in September 2008, marking a peak in the financial panic.
The contagion quickly spread to global financial markets, causing a credit crunch as banks became wary of lending. Stock markets worldwide plunged, and major financial institutions required government bailouts to stay afloat. In the U.S., the Federal Reserve and the Treasury Department intervened with emergency measures, including the Troubled Asset Relief Program (TARP), which injected capital into banks and aimed to stabilize the financial system.
The economic impact was profound. Unemployment rates soared as businesses closed or scaled back operations. In the U.S., the unemployment rate peaked at 10% in October 2009. Global trade declined sharply, and many countries entered recessions, leading to widespread economic hardship and increased poverty.
Governments around the world implemented various fiscal and monetary policies to combat the recession. Central banks lowered interest rates and increased money supply, while governments introduced stimulus packages to boost demand and create jobs. The recovery was slow and uneven, with some economies rebounding quicker than others.
The Great Recession highlighted the interconnectedness of global financial systems and underscored the need for stronger regulatory frameworks. In response, many countries overhauled their financial regulations to prevent a similar crisis in the future. The Dodd-Frank Wall Street Reform and Consumer Protection Act in the U.S. was one such measure, aiming to increase transparency and reduce risks in the financial system.
The legacy of the Great Recession includes heightened awareness of financial stability's importance, more robust regulatory standards, and a recognition of the significant social and economic costs of financial crises【23†source】 .
We are in the midst of a Global Financial meltdown. These slides first presented to 2nd year MBA students at a major University, identifies the root causes of the problem explains why we are where we are today.
"Whether we like it or not, the laws of gravity work in financial markets as well and what goes up ultimately comes down," Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group, told IANS.
Lehman Brothers Inc. was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States, with about 25,000 employees worldwide.
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
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4. HISTORY OF LEHMAN BROTHERS
• Founded by German immigrant Henry Lehman in Montgomery, Alabama,
in 1844.
• In 1850, Henry Lehman and his brothers, Emanuel and Mayer, founded
Lehman Brothers
Lehman survived them all:
The railroad bankruptcies of the 1800s, The Great Depression of the 1930s,
two world wars, a capital shortage when it was spun off by American
Express in 1994, and the Long Term Capital Management collapse and
Russian debt default of 1998.
LEHMAN BROTHERS
5. INTRODUCTION
• The disorderly and costly nature of the LBHI bankruptcy the largest, and
still ongoing, financial bankruptcy in U.S. history contributed to the
massive financial disruption of late 2008.
• The collapse of Lehman Brothers Holdings Inc. (LEH) had a crippling
effect on the global economy with the financial crisis escalating to other
parts of the world. In the aftermath of this event, financial institutions
froze lending activities thereby creating liquidity problems in the shadow
banking financial system.
LEHMAN BROTHERS
6. According to the World Bank, the economic recession hit USA and the
world at large in three phases
Phase 1
U.S.-subprime-mortgage-cum-structured-finance catastrophe .
Phase 2
Post-Lehman global financial market turmoil
Phase 3
The worldwide economic recession
LEHMAN BROTHERS
7. PRIME CULPRIT
In 2003 and 2004, Lehman acquired five mortgage lenders,
including subprime lender BNC Mortgage and Aurora Loan Services, which
specialized in Alt-A loans (made to borrowers without full documentation)
LEHMAN BROTHERS
8. REASONS BEHIND THE COLLAPSE
SUBPRIME BOOM
THE REAL STATE BUBBLE
LEHMAN BROTHERS
10. • Asset-backed securities (ABS) and Collateral debt obligations(CDOs)
• Lehman underwrote mortage-backed securities more than any other
firm, accumulating an $85-billion portfolio, or four times its shareholders'
equity
• Leverage levels up to 20-35 percent of their equity capital in order to
invest on securitized products using debt capital.
• Excessive risk-taking
REASONS BEHIND THE COLLAPSE
LEHMAN BROTHERS
11. • Passing the investment risks through unregulated ‘credit default
swaps’ (CDS) where they didn’t have any adequate capital behind
them.(AIG case)
• Weakness of the FED to recognize the economic catastrophe that
Lehman Brothers bankruptcy would cause.
LEHMAN BROTHERS
12. IMPACT
• At the time when LEH filed for bankruptcy, the Lehman Brothers’
worth was estimated at $639 billion while on the other hand the Lehman
Brothers were $613 billion in debt.
• After the Lehman Brothers had filed for bankruptcy in the US, the
financial markets in the country nearly collapsed when the Washington
Mutual failed, a double tragedy for the American economy .
• Due to their extensive global imprint on the debt, equity and derivatives
markets, the Lehman Brothers had subsidiaries all over the world.
LEHMAN BROTHERS
14. • Consequently, these global subsidiaries and companies affiliated to the
Lehman Brothers also filed for financial insolvency hence catalyzing the
traumatic as well as catastrophic effects of the global economic recession
on financial markets worldwide .
• Several money funds and institutional cash funds had significant exposure
to Lehman with the institutional cash fund run by The Bank of New York
Mellon and the Primary Reserve Fund, a money-market fund, both falling
below $1 per share, called "breaking the buck", following losses on their
holdings of Lehman assets
LEHMAN BROTHERS
15. • The Dow Jones closed down just over 500 points (−4.4%) on September 15,
2008, at the time the largest drop by points in a single day since the days
following the attacks on September 11, 2001.
• Lehman's bankruptcy is expected to cause some depreciation in the price of
commercial real estate. The prospect for Lehman's $4.3 billion in mortgage
securities getting liquidated sparked a selloff in the commercial mortgage-
backed securities (CMBS).
• In Japan, banks and insurers announced a combined 249 billion yen ($2.4
billion) in potential losses tied to the collapse of Lehman. Mizuho Trust &
Banking Co. cut its profit forecast by more than half, citing 11.8 billion yen
in losses on bonds and loans linked to Lehman.
LEHMAN BROTHERS
16. • Several money funds and institutional cash funds had significant
exposure to Lehman with the institutional cash fund run by The Bank
of New York Mellon and the Primary Reserve Fund, a money-market
fund, both falling below $1 per share, called "breaking the buck",
following losses on their holdings of Lehman assets.
• Putnam Investments, a unit of Canada's Great-West Life co, shut a
$12.3 billion money-market fund as it faced "significant redemption
pressure" on September 17, 2008.
• Lehman Brothers International held close to 40 billion dollars of
clients assets when it filed for Chapter 11 Bankruptcy. Of this, 22
billion had been re-hypothecated.
LEHMAN BROTHERS
18. ACTIONS TAKEN
LBHI filed a petition under Chapter 11 of the US
bankruptcy code.
Its US broker-dealer subsidiary was acquired by Barclays
a few days later.
LEHMAN BROTHERS
19. This box discusses three particular market implications linked to the failure of
Lehman Brothers that had the potential to cause systemic liquidity
disturbances:
1) The impact on the CDS market;
2) The liquidation of money market funds due to losses suffered on Lehman
debt; and
3) The consequences of the bankruptcy for the company's prime brokerage
clients.
LEHMAN BROTHERS
20. • Lehman's bankruptcy led to more than $46 billion of its market value
being wiped out.
• Its collapse also served as the catalyst for the purchase of Merrill Lynch
by Bank of America in an emergency deal that was also announced on
September 15.
LEHMAN BROTHERS
