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Tuesday, 16 September 2008

Why Lehman Bros went bust; what it means for you

Lehman Brothers is no more. Merrill Lynch has gone down the Bank of America maw. AIG too could go belly up. With a doubt, these developments in America are the most shocking events to have hit global financial markets. So where did it all begin? And what does it mean for the Indian stock markets? Find out. . .What is (or was) Lehman Brothers?America's fourth-largest investment bank Lehman Brothers Holdings Inc has filed the biggest bankruptcy petition known to mankind.The 158-year-old firm was founded by brothers Henry, Emanuel and Mayer Lehman,...