Feb 3, 2010

FINANCIAL FLASHBACK

The crash of Lehman Brothers was a big blow to the financial world last year, here is a timeline of events that took place…


Aug’08

Rumors about Lehman’s Trouble getting louder

22 Sep

Nomura announces interest in buying parts of Lehman Asia-Pacific and UK

13 Sep

Lehman in trouble, overnight funding declined

30 Sep

All employees of Lehman UK fired

14 Sep

Negotiations continue in the U.S.

3 Oct

Nomura buys parts of Lehman UK and India

15 Sep

No saviors, Lehman files for bankruptcy

24 Oct

Indian stock markets crash

16 Sep

Barclays Bank buys part of Lehman U.S.

30 Jan ‘o9

Nomura India starts laying off people

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