Tuesday, September 22, 2009

A week after a year Lehman Brothers collapse

Monday morning, September 15th, 2008 Lehman Brothers company a leading US investment bank goes to bankruptcy and other institutions scramble to merge as the credit crunch. Stock prices plunged in Asia and Europe after Lehman Bros announcing its collapse. In 2001 Thomson Financial named Lehman Brothers Bank " Best of the Best " Year Awards for 2001.
Lehman Brothers Holdings Inc. founded in 1850 by Henry Lehman, Emanuel Lehman & Mayer Lehman, its basic trading is dry good store in Montgomery, Alabama and before close the company HQ is in New York City their trade product is financial services, investment banking and investment management.

This month is a year after economy crisis hit many big companies around the world, it cause of subprime mortgage issue. Dow Jones Industrial Average have lowest close price 6.547 in March 9th, 2009.
But in less of a year our stock market rise and start from fourth week of July we have close the market with three of O - DJIA ( over 9.000 ) Japan : Nikkei 225 ( over 10.000 ) and Hong Kong : Hang Seng ( over 20.000 ), I hope the economy crisis ended now and begin showing signs of stabilizing.

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