Category: Business Environment

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In the year 2008, global markets collapsed. The crash was caused by the unprecedented credit crisis known as the Lehman Brothers Debacle. The world’s top bank, Lehman Brothers, had just filed for bankruptcy, leading to a chain reaction. Banks around the world failed, leading to the greatest economic crisis since the Great Depression. The global economy came to a halt. The world’s leading banks were all suffering from a devastating decline in revenue, profits, and market share.

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