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Philip Baker

Investors should remember the Lehman Brothers collapse

Philip BakerAssociate Editor
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It might be hard to believe but it's been eight years since the collapse of Lehman Brothers, largely seen as the biggest banking failure in history that went on to spark the global financial crisis.

September 15, 2008 marked the end of the 158-year-old investment bank and caused a meltdown in global sharemarkets which prompted the Reserve Bank to pump more than $2 billion into the banking system on that day amid concerns the failure of Lehman's would send the cost of borrowing money through the roof.

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Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/investors-should-remember-the-lehman-brothers-collapse-20160915-grgwis