The fall of Lehman in September 2008 sent shock waves throughout the financial
markets, and helped trigger the worst financial crisis since the Great Depression. With the
encouragement and support of the Federal Reserve Bank of New York (“New York Fed”), the
Securities and Exchange Commission (“SEC”), SIPC, the SIPC Trustee, and other independent
parties, Barclays agreed to purchase the assets of the failed Lehman business.
Contents contributed and discussions participated by Maja Nakevska
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