Revenue: Over $5 Billion
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About Lehman Brothers Holdings Inc.
Lehman Brothers Holdings Inc. used to be one of the most respected names in the banking industry of the United States of America. It used to be the fourth most profitable bank in the country. It was established in 1850 by two business partners from Alabama.
Later on, its headquarters moved to New York City, NY. The company had more than 27,000 employees, plenty of subsidiaries and some of the most diversified financial products and services in the country.
It served the whole world though and it had offices in more countries. Sadly enough, it could not get over the financial crisis. In 2008, it declared bankruptcy.
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