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Fifteen years ago, on September 15, 2008, the Lehman Brothers investment bank went bankrupt, a victim of the global financial crisis during which stock markets crashed. - 2008: Subprime crisis - The 2008 global financial crisis is caused by bankers in the United States giving subprime mortgages to people on shaky financial footing and then selling them off as investments, fuelling a housing boom.
This week's Detroit Auto Show is meant to showcase impressive new electric vehicles, but the fanfare looks destined to be upstaged by a brewing labor dispute and the increasing likelihood of a strike.
US officials took a victory lap last month to commemorate their response to the 2008 financial crisis, pointing to $36 billion in fines as proof that banks have been held accountable. The DoJ cited $36 billion in civil penalties as bringing accountability to "those who break the law and undermine the well-being of American families," said an agency press release.
Shares in the British chip designer Arm will be listed Thursday on New York's Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market.
A key catalyst for the 2008 global financial crisis, the bankruptcy of Lehman Brothers still reverberates for those who lived through it. "I was quite concerned that (Fuld) was in denial about the risks that the economy was facing, the financial system in general and Lehman Brothers in particular."
Nollywood actress Moyo Lawal continues to trend online, but she has now broken the silence as she reacts to the viral video of her in bed with a man that leaked.
_@samcharles travelled to the United States of America to study because no law school in Ghana will accept him because he got a D7, some Cs, and Bs in his WASSCE.
Delay put Andy Dosty in the spotlight when she brought up the identity of his lost child. He said that the child's mother did not tell him the baby belonged to him.
Tima Kumkum has sparked pregnancy rumours two months after her wedding. The Adom TV presenter shared a video in which she had her tummy bloated like a baby bump.
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