Lehman Brothers Holdings - Dictionary: Corporate

Henry Lehman, Emmanuelle Lehman, and Meyer Lehman founded the company Lehman Brothers in 1850. When cotton was traded at a high price in the market at the time, it started the company as a cotton business. When his eldest brother Henry soldied in 1855, the two brothers jumped into brokerage. After that, he started the finance business to raise funds for the railway business.
In 1929, the US Great Depression and the financial crisis were taken over by venture capitalists. In the mid-1970s, he became the fourth-largest investment bank after Salomon Brothers, Goldman Sachs, and First Boston.


At the time of filing for bankruptcy in 2008 due to the subprime mortgage crisis in 2007, Lehman Brothers Holdings was the fourth largest global financial services company in the US, following Goldman Sachs, Morgan Stanley and Merrill Lynch .
Investment banking, asset management, personal finance and asset management services. The main subsidiaries of Lehman Brothers Lehman Brothers Holdings ( in Lehman Brothers Inc .), Noi Burger Berman ( Neuberger Berman Inc .), Aurora Loan Services ( Aurora Loan Services , Inc .), SIB Mortgage ( SIB Mortgage Corporation ), Lehman Brothers Bank ( in Lehman Brothers Bank ), Eagle Energy Partners ( Eagle Energy Partners for ), the group Crossroads ( Crossroads Group had). Headquartered in New York, he has headquarters in London and Tokyo.


On September 15, 2008, when a bankruptcy filing was filed, large-scale disruption of customers, loss of shareholding value, and deterioration in asset value continued. It was recorded as the largest bankruptcy in American history. On September 16 of the same year, Barclays Group announced that it would purchase Lehman Brothers Holdings' North American investment banking and trading division, New York headquarters building, and the US government approved it on September 20.
On September 22 of the same year, Nomura Holdings announced its intention to acquire Lehman Brothers Holdings' Asian franchise in Japan, Hong Kong and Australia, as well as its investment banking and asset management divisions in Europe and the Middle East.
In September 2008, Lehman Brothers acquired Neuberger Bergman, an affiliate of Bain Capital Partners and Hellman & Friedman,).