The collapse of Lehman Brothers a decade ago was a key moment in a global crisis with huge consequences that are still being felt today. It begs some important questions, on which Anthony Willis offers his thoughts
Saturday saw the 10-year anniversary of the collapse of Lehman Brothers, an inflection point in a financial crisis that had been building over the previous 12 months. It brought the global financial system to the brink of collapse and has had significant economic, social and political consequences that are still being felt to this day - begging some important questions … Have investors learned anything since the crash? Hubris is a dangerous condition and, in hindsight, it was evident in spades ahead of the 2008 crisis. US Federal Reserve chairman Ben Bernanke declared that problems in ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes