Eight years ago this week, US banking giant Lehman Brothers filed for bankruptcy, sending shockwaves through global financial markets. Rob Morgan, pensions and investments analyst at Charles Stanley, looks at the best and worst performing funds since then.
Lehman Brothers was, almost everyone agreed, too big to fail. And yet it did. It was not only the highest-profile casualty of the 2008/09 financial crisis but the largest bankruptcy filing in US history, brought down by excessive borrowing and exposure to subprime loans as the housing bubble burst. At the time it was difficult to keep your head. The very fabric of the financial system seemed to be disintegrating, and authorities did not appear to have control. Where next for investors' great hunt for growth? The threat of a global recession, even depression, loomed. Yet amid the pe...
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