RUMOURS TO PAY A MADIA "OUTRAGEOUS" CLAIMS THAT DESTABLIZED THE MIDDLE EAST WHEN KRISTINA'S AND NEWL

The leading U.S. investment bank Lehman Brothers filed for bankruptcy and brokerage Merrill Lynch was the subject of a $50 billion buyout by Bank of America. The fate of other big name financial institutions remained in doubt and stock prices plunged in Asia, Europe and the United States.

Lehman Brothers collapse stuns global markets - CNN.com edition.cnn.com/2008/BUSINESS/09/15/lehman.merrill.stocks.turmoil/index.htm

When did Lehman Brothers reorganize? In Japan, the Japanese branch, Lehman Brothers Japan Inc., and its holding company filed for civil reorganization on September 16, 2008, in Tokyo District Court. On September 17, 2008, the New York Stock Exchange delisted Lehman Brothers. Lehman Brothers - Wikipedia en.wikipedia.org/wiki/Lehman_Brothers Will Lehman Brothers file for bankruptcy? Shortly before 1 am Monday morning (UTC−5), Lehman Brothers Holdings announced it would file for Chapter 11 bankruptcy protection citing bank debt of $613 billion, $155 billion in bond debt, and assets worth $639 billion. It further announced that its subsidiaries would continue to operate as normal. Lehman Brothers - Wikipedia en.wikipedia.org/wiki/Lehman_Brothers Was the Lehman collapse a shock? So it wasn't that in September [the Lehman collapse] was a shock, it had been an event that we'd seen coming for some time, and had been trying to get ready for. On the Sunday, that was when it became apparent that Lehman wasn't going to be rescued - and that was the point that I got involved. The day Lehman Brothers went under - BBC News www.bbc.co.uk/news/business-45515092