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    Carlos Sandoval
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    The document summarizes a business case study selected by the student about the 2008 financial crisis in the United States. Specifically, it discusses the subprime mortgage crisis that caused major banks like Lehman Brothers and Merrill Lynch to declare bankruptcy. This crisis originated from high default rates on subprime mortgages, which inflated a housing bubble that eventually burst and spread the crisis worldwide due to tightening credit. The summary identifies the key players involved in the crisis as Merrill Lynch, Lehman Brothers, and Bank of America, which acquired Merrill Lynch at half its value during the recession.

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    The document summarizes a business case study selected by the student about the 2008 financial crisis in the United States. Specifically, it discusses the subprime mortgage crisis that caused major banks like Lehman Brothers and Merrill Lynch to declare bankruptcy. This crisis originated from high default rates on subprime mortgages, which inflated a housing bubble that eventually burst and spread the crisis worldwide due to tightening credit. The summary identifies the key players involved in the crisis as Merrill Lynch, Lehman Brothers, and Bank of America, which acquired Merrill Lynch at half its value during the recession.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    180 views2 pages

    Parte 1 Doing

    Uploaded by

    Carlos Sandoval
    The document summarizes a business case study selected by the student about the 2008 financial crisis in the United States. Specifically, it discusses the subprime mortgage crisis that caused major banks like Lehman Brothers and Merrill Lynch to declare bankruptcy. This crisis originated from high default rates on subprime mortgages, which inflated a housing bubble that eventually burst and spread the crisis worldwide due to tightening credit. The summary identifies the key players involved in the crisis as Merrill Lynch, Lehman Brothers, and Bank of America, which acquired Merrill Lynch at half its value during the recession.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Nombre: Carlos Ernesto Sandoval Silva Matrícula: 2730512

     Nombre del curso: Doing  Nombre del profesor: Gloria


    Business in the Americas Pamela Cantú Quintero

    Módulo: 1 Actividad: Evidencia 1

    Fecha: 20/02/20

    Part 1. Preparing the story


    First, go browse these three websites and select one business case situated
    across the  Americas that you find interesting:
     Business Cases UK
     Harvard Business School
     MIT Sloan School of Management

    Next, read it carefully and make notes of the information that you find
    interesting and/or relevant. Then answer these questions:
     Where is this happening? In which country? Describe the business
    environment of the  places mentioned in the case.
    It happened in the United States. A financial bankruptcy developed in that
    country that ended up affecting everyone and caused the bankruptcy of the
    largest banks in the United States.

     When did it happen? Mention what was going on in the world at that
    particular time.

    2008 and developed due to another financial crisis called “Suprime Mortgage
    Crisis”

     What is the overall business situation? Describe it at length.


    In that year many banks such as Lehman Brothers and Merrill Lynch were
    bankrupt by subprime mortgages

     Define the problem and list all the variables that affect it, explaining
    why?
    Crisis that developed due to the subprime mortgage crisis. These mortgages
    have a level of non-payment stiffness higher than the average of the rest of
    the credits. This caused the growth of an economic bubble that burst and had
    repercussions worldwide.

     Who else is involved? Mention all the people, companies and


    institutions that are involved in the whole situation, explaining the
    existing connections between them. Once you cover everything, this
    first part should be at least three pages long.
    The companies involved are Merrill Lynch and Lehman Brothers who were
    bankrupt due to the crisis. Bank of America bought Merril Lynch at half of its
    real value. This crisis had repercussions worldwide due to lack of credit, with
    retailers being the most affected

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