The 2008 BANKING CRISIS in a nutshell.
by KosmosHD In September 2008, the US investment bank Lehman Brothers filed for bankruptcy. This event was the first time in decades that a major US bank had collapsed. In the UK, major retail banks had to be bailed out by the government, and in Germany, the second-largest bank, Commerzbank, was partly nationalized. These banks … Read more