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Lehman Brothers goes bankrupt
Lehman Brothers
Why Lehman collapsed? It is a billion dollar question. Despite frantic efforts, Lehman was unable to find a partner to bail them out from the current financial crisis.

The global markets felt the tremors of Lehman going bankrupt. World banks worked in tandem with the US Federal Reserve to calm the storm that arised out of the Lehman mess.

Disappointment & anger
 The mood in Lehman’s office in Ceejay House, one of Mumbai’s costliest commercial office spaces, is sombre.
Read More
• Merrill, Lehman not our clients: Mastek
• Indian IT cos in jitters
• Wipro, Copal to bid for Lehman units
• Lehman’s staff flood job mart with CVs
• Citigroup is big trustee to Lehman debt
• Goldman, Morgan Stanley face litmus test
• Lehman goes to the wall
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America is in turmoil - India is not Global pandemonium
 Our home grown indigenous financial sector is strong and vibrant enough to more than absorb this additional employment
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IMF IMF's warning
 The International Monetary Fund said the financial crisis may continue for some more time at least in the short run.
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Locked doors greeted them Locked doors greeted them
 Lehman employees were in for a rude shock when they saw the shutters down at their Mumbai office.
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Rs 2000 cr wiped out Rs 2000 cr wiped out
 Lehman's move to file for bankruptcy wiped off more than Rs 2,000 crore from the market valuation of select Indian cos.
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IIM students shocked IIM students shocked
 Lehman has made a ‘few pre-placement offers' to students who had spent summer internships.
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Double trouble Double trouble
 Even as the IT cos are trying to fully absorb the bad news of the currency impact, the Lehman crisis has deepened their woes.
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