Asked by
Andrew Scott
on Oct 31, 2024
Verified
Which of the following investment banks went bankrupt in September 2008?
A) Bear Stearns
B) Lehman Brothers
C) AIG
D) Bank of America
Investment Banks
Financial institutions that provide services such as underwriting, mergers and acquisitions, and advisory services to corporations and governments.
Lehman Brothers
A former global financial services firm that filed for bankruptcy in 2008, becoming a symbol of the largest bankruptcy in U.S. history and a catalyst for the global financial crisis.
Bankrupt
A financial condition in which an individual or organization is unable to meet their debt obligations.
- Evaluate the economic measures and financial contexts preceding the occurrence of the Great Recession.
Verified Answer
TL
Learning Objectives
- Evaluate the economic measures and financial contexts preceding the occurrence of the Great Recession.