Lehman Brothers file for bankruptcy

Video Report:  15th Sept 08 Lehman Brothers said: "The board of directors ... authorised the filing of the Chapter 11 petition in order to protect its assets and maximise value"

Lehman Brothers Holdings Inc. (Lehman Brothers) was primarily engaged in providing financial services.

Lehman Brothers provided an array of equity and fixed income sales, trading and research, investment banking services, and investment management and advisory services.

It served the financial needs of corporations, governments and municipalities, institutional clients and high-net-worth individuals worldwide.

The Company operated in three business segments: Capital Markets, Investment Banking and Investment Management.

Capital Markets represented institutional client-flow activities, including prime brokerage, research, mortgage origination and securitisation, secondary trading and financing activities in fixed income and equity products.

Investment Banking provided advice to its corporate, institutional and government clients on various financial matters.

Investment Management provided investment advice and services to institutional and high-net-worth clients on a global basis.

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