Monday, September 15, 2008

The Fly Or Die Commerce Report: The "Another One Bites The Dust" Edition

Lehman Brothers, the fourth largest investment bank in The United States, has filed for bankruptcy. The financial institute was founded in 1850 by three brothers, and has approximately 25,000 employees worldwide.

The fall of Lehman brothers, makes it the third of the top five U.S. investment banks to take a fall. It has now joined Merrill Lynch and Bear Stearns as financial world casualties.

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