Who did Lehman Brothers finally sell to?

Lehman Brothers was eventually sold to American Express.

Lehman Brothers is a global investment bank established in 1850. In 2000, the best investment bank was awarded by Business Weekly, the overall research strength ranked first by Institutional Investor and the best investment bank in 2002 by International Financial Review. On September 5, 2008/KLOC-0, Beijing time, Lehman Brothers, the fourth largest investment bank in the United States, finally abandoned its helmet and armor and declared bankruptcy protection.

Lehman Brothers is an all-round and diversified investment bank, serving the financial needs of global enterprises, institutions, governments and investors. Lehman Brothers' financial strength supports its leading position in its business field, and it is one of the most powerful underwriters and traders of stocks and bonds in the world. At the same time, the company also serves as an important financial consultant for many multinational companies and governments around the world, and has many internationally recognized best analysts.

How did Lehman Brothers fail?

1, Lehman Brothers has a huge debt, and even if it is acquired at the market price, it will have to pay a higher debt repayment cost. When Lehman Brothers filed for bankruptcy protection, its total debt was very high, which was also the main factor for Barclays Bank and Bank of America to give up the acquisition and take over Lehman Brothers. Because it can't move at all, whoever takes over will be "submerged" in history and can't breathe. Even cause a bigger chain reaction. Lehman Brothers' market value plummeted in Shanghai, with many problems.

2. During the economic crisis, the financial industry was a "cold winter". How can Lehman Brothers 1 10,000 to 20,000 employees support themselves? There is no thriving market atmosphere and no lively performances. It can only be maintained by continuous layoffs. But how long can such layoffs last? Then, under the situation that the subprime mortgage crisis intensified under the stimulus of the United States, Lehman was particularly tired and didn't even have a chance to catch his breath.

The above contents refer to Baidu Encyclopedia-Lehman Brothers.