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Introduction The current global financial crisis caused by subprime mortgage defaults in the US has caused a expectant damage on global economy. Many financial institutions each failed or bailed out by government during the crisis. This paper discusses the cause of Lehmans failure and the impact of the adjourn of Lehman Brothers on global financial market. It also provides some suggestions that how Lehman could have avoided the collapse, were proper actions taken by the company and the government. Company history Lehman Brothers was started by a German immigrant family (Henry Lehman and his two brothers) in 1850. Since 1850, as is driven by the increase value of cotton in US, Lehman B! rothers changed their core personal acknowledgment line (general store) to commodities trading and brokerage operations. With its head quarter shifted to tonic York City, the watertight had gradually grown to a national characterization coexist with the US economy boom over the pastime decades. The highway to success, however, was not a bed of roses. Lehman Brothers weathered several(prenominal) challenges in front of it: Great Depression in1930s, two cosmos wars, great capital shortage in 1994 and 1998. However, it is the subprime crisis finally brought an end to... If you inadequacy to get a full essay, order it on our website: OrderCustomPaper.com
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