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leman brothers

leman brothers

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Published by: blueeagle477952 on Mar 21, 2010
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11/02/2010

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 ACKNOWLEDGEMENT 
Allhmad-u-Lillah, for without His blessing we could never conduct this research, though itis impossible to thank Him enough for this. All respect to his Holy Prophet HazratMuhammad (SAW) who brought the light of knowledge when the humanity was wanderingin the dessert of ignorance.We would like to thank our parents for their encouragement and suggestion they gave us.They provide us every thing we needed to do this task.We would like to acknowledge the guidance and support of our respected teacher 
 Sir MOHAYYUDIN” 
whose affection made easy for us.We are also thankful to all those who cooperated with us in the completion of  project, especially to the class fellows, teachers and to all those who directly or indirectlyhelped us.
 
INTRODUCTIONLehman Brothers Holdings Inc, was a globalfinancial-servicesfirmactive  prior to its bankruptcy and sale in 2008. The firm did business ininvestment banking,equity  andfixed-incomesales,researchandtrading, investment management, private equity, and  private banking. It was a primary dealer in the U.S.Treasury securitiesmarket. Its primary subsidiaries included Lehman Brothers Inc.,Neuberger Berman Inc.,Aurora Loan Services,Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, andtheCrossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters inLondonandTokyo, as well as offices located throughout the world. On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection; the filing marks the largest bankruptcyin U.S. history. The news led to sharp falls in share prices around the world, and officials took measures to reassure markets. Stock markets andthe US dollar have tumbled in reaction
 
 As of September 15, 2008
)Revenue▲ US$59.003 Billion (
2007 
)Operating income▲ US$6.013 Billion (
2007 
) Net income▼ US$6.7 Billion (
2008
)Total assets▲ US$691.063 Billion (
2007 
)
 History of Lehman’s brother 
1840 Lehman founded by Henry Lehman, a German immigrant, in Alabama1929 Teeters on brink of collapse after Wall Street crash1973 Loses $6.7 million betting on interest rates and is almost forced to close its doorsTop of FormBottom of FormTop of FormBottom of Form1993 Lehman Brothers is spun out of American Express. Richard Fuld, right, takes helm1994 Faces capital shortage, which threatens its survivalLate 90s-00s Mr Fuld significantly increases exposure to leveraged loans and mortgages1998 Lehman fights for survival after Russian bond crisis2007-08 Credit crisis begins to squeeze, leading to write-offs to date of $16 billionSept 2008 Fears over its outlook trigger a 40 per cent slide in the share price in a daySept 10 Lehman Brothers admits to a record $3.9 billion third-quarter lossLehman Brothers Holdings Inc was a globalfinancial-services firmactive prior to its  bankruptcy and sale in 2008. The firm did business ininvestment banking,equityandfixed- incomesales,researchandtrading,investment management, private equity, and private  banking. It was a primary dealer in the U.S.Treasury securitiesmarket. Its primary subsidiaries included Lehman Brothers Inc.,Neuberger Berman Inc.,Aurora Loan Services,Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, Eagle Energy Partners, andtheCrossroads Group. The firm's worldwide headquarters were in New York City, with regional headquarters inLondonandTokyo, as well as offices located throughout the world.

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