page_title: Bankruptcy of Lehman Brothers
hierarchical_section_title: Bankruptcy of Lehman Brothers
caption_attribution_description: English: Lehman Brothers Rockefeller centre. The Manhattan headquarters of Lehman Brothers before their bankruptcy in 2008
context_page_description: The filing for Chapter 11 bankruptcy protection by Lehman Brothers on September 15, 2008 remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600 billion in assets.
  The bank and financial services firm had become so deeply involved in mortgage origination that it had effectively become a real estate hedge fund disguised as an investment bank. At the height of the subprime mortgage crisis, it was exceptionally vulnerable to any downturn in real estate values.
  The bankruptcy triggered a one-day drop in the Dow Jones Industrial Average of 4.5%, at the time, the largest decline since the September 11, 2001 attacks.
context_section_description: The filing for Chapter 11 bankruptcy protection by Lehman Brothers on September 15, 2008 remains the largest bankruptcy filing in U.S. history, with Lehman holding over US$600 billion in assets.
  The bank and financial services firm had become so deeply involved in mortgage origination that it had effectively become a real estate hedge fund disguised as an investment bank. At the height of the subprime mortgage crisis, it was exceptionally vulnerable to any downturn in real estate values.
  The bankruptcy triggered a one-day drop in the Dow Jones Industrial Average of 4.5%, at the time, the largest decline since the September 11, 2001 attacks.
caption: Lehman Brothers headquarters in New York City, one year prior to bankruptcy
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