The collateral squeeze of 2008
Following Lehman Brothers' bankruptcy on September 15, 2008, the funding pressures that had affected financial firms since 2007 reached a new pitch. Lehman Brothers was a 158-year-old institution that had survived the panic of 1907 and the Great Depression. After it declared bankruptcy, concerns about counterparty risk escalated, and the financial crisis intensified to become the worst since that of 1931, which had led to the Great Depression.
Events earlier in 2008, notably JPMorgan's purchase
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com