Lehman Brothers Holdings Inc.

Lehman Brothers Holdings Inc. was a major global financial services firm specializing in investment banking, trading, and asset management. Founded in 1850, it grew to be one of the largest investment banks in the world. In 2008, during the financial crisis, Lehman faced severe financial difficulties due to risky investments in real estate and mortgage-backed securities. Despite efforts to recover, it filed for bankruptcy—77 years after its founding—marking one of the largest and most impactful collapses in financial history. The failure significantly contributed to the global economic downturn and led to widespread changes in financial regulations.