The effect on the FTSE 100 through to pensions,house prices and saversUK wages own not yet recovered to pre-crisis levels, says IFS
Lehman Brothers filed for bankruptcy on 15 September 2008, and prompting a fall in the FTSE 100 of 4%. It was the beginning of a slump that by Christmas of that year had resulted in 23.4% being wiped off the value of Britain’s top 100 companies.
Lehman Brothers filed for bankruptcy on 15 September 2008. With $639bn in assets,it was the biggest bankruptcy filing in history – 10 times the failure of the fraud-riddled energy company Enron.
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Source: theguardian.com