Lehman Brothers is an all-round and diversified investment bank, serving the financial needs of global enterprises, institutions, governments and investors. Lehman Brothers actively participates in the global capital market through a close network of offices in 48 cities around the world, which is managed by its global headquarters in new york and regional headquarters in London, Tokyo and Hongkong. Since the establishment of 1850, Lehman Brothers has established a good reputation of creating novel products, exploring the latest financing methods and providing the best service all over the world. This reputation comes from its excellent staff and enthusiastic customer service. At present, the number of employees in the company is 65,438+02,343 (September 2008), and the shareholding ratio of employees reaches 30%. Lehman Brothers continued to expand its international business. In 2002, 37% of its revenue came from outside the United States.
Lehman Brothers' strong financial strength supports its leading position in its business field and 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. The company is deeply proud of the long-term mutually beneficial relationships it has established with customers in the process of helping them succeed (some of which can be traced back to nearly a century ago).
As Lehman's business capabilities are widely recognized, the company has a customer base including many world-renowned companies, such as Alcatel, AOL time warner Inc., Dell, Fuji, IBM, Intel, Johnson & Johnson, LG Electronics, Merck, Motorola, NEC, Pepsi, Philip Morris, Shell Oil, Sumitomo Bank and Wal-Mart. ......
On June 6th, 2008, Lehman Brothers reported a loss of $2.87 billion in the second quarter (to May 3rd1day), which was the first loss since the listing of 1994 in June. Lehman's net income was negative $668 million, compared with $5,565,438 million+$0,000 in the same period last year; The loss was $2.87 billion, or $56.5438+04 per share, compared with a profit of $65.438+026 billion in the same period last year.
Richard fuld, CEO of Lehman, admitted that he was responsible for the loss and said that he had taken corresponding measures to ensure that this poor performance would not continue. Last week, Lehman Brothers raised $6 billion by issuing new shares and replaced its chief financial officer and chief operating officer.
Lehman's share price has fallen by 60% since the beginning of this year. As the future performance is expected to improve, Lehman's share price rebounded on June 16.
Lehman Brothers' third-quarter financial report released on September 10 showed that the huge losses greatly exceeded market expectations.
According to the report, Lehman Brothers suffered a huge loss of $3.9 billion in the third quarter, which was the biggest quarterly loss since the establishment of the company 158. After the financial report was released, Lehman shares fell by nearly 7%. Lehman Brothers' share price has risen from more than 60 dollars at the beginning of the year to 7.79 dollars today. In just nine months, it plummeted by nearly 90% and its market value was only about 6 billion US dollars. Lehman Brothers yesterday decided to sell a majority stake in its asset management department and split up real estate assets worth $30 billion to tide over the financial crisis after its efforts to obtain funds from outside investors failed.
Richard fuld, CEO of Lehman, admitted that the company is in "one of the most difficult periods" in its 65,438+058 history, but it will get through the current difficulties. According to the analysis, it is not excluded that Lehman Brothers needs government help to avoid bankruptcy.
/kloc-In September of 0/5, due to the severe financial crisis, Lehman Brothers, the fourth largest investment bank in the United States, announced its application for bankruptcy protection on the same day.
The above information comes from Baidu Encyclopedia ~ ~ ~
Supplement: Lehman has gone bankrupt ~ ~ ~
PS: It used to be the fourth largest investment bank in the United States. Bear Stearns, the fifth largest investment bank, was acquired in the first half of the year, and Merrill Lynch, the third largest investment bank, was also acquired. The businesses of Goldman Sachs and Morgan Stanley, the first and second largest investment banks, have essentially transformed into commercial banks ~ ~ ~ How to put it, the myth of financial innovation and mathematical models has been rudely shattered ~ ~ Pity those quants on Wall Street, who are unemployed everywhere ~ ~