Tag Archives: Bankruptcy

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Chaos At Toshiba

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The chaos at Toshiba, the Japanese corporate giant, deepened Tuesday, with its chairman resigning and the company saying it would book a US$6.3 billion loss related to its U.S. nuclear business. Analysts are now speculating about the possibility that Toshiba, which employs almost 200,000 people in Japan and has significant investments in the United States, […]

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The Great Fall

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On September 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman’s bankruptcy filing was the largest in history. Lehman was the fourth-largest investment bank in the United States, with 25,000 employees worldwide (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), doing business in investment banking, equity […]

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