It may be known as the era of “too big to fail,” but during the throes of the Great Recession, one financial institution cratered in spectacular fashion and became the largest bankruptcy in U.S.

Warren Buffett and Lehman Brothers "never got close to a deal" as the firm struggled to raise capital in March of 2008, according to a just-released history of Lehman's downfall. A 5-page section of ...

(MoneyWatch) The term "perfect storm," while by now a journalistic cliche, remains the best metaphor for the 2008 subprime mortgage meltdown. The greed of lenders, somnolence of investors, years of ...

Reporting from New York — Three years ago, global markets were plunged into chaos when Lehman Bros. collapsed at the height of the financial crisis. Jared Dillian, an ex-trader at the firm, is just ...

In the weeks before it collapsed, Lehman Brothers Holdings Inc. went to great lengths to conceal how fast it was careening toward the financial precipice. The ailing securities firm quietly tapped the ...

Could the credit crisis have been avoided? asked Bob Ivry and Christine Harper in Bloomberg.com. A year after CEO Richard Fuld led Lehman Brothers into the largest bankruptcy in history, economists, ...

With the initial hoopla over Lehman's Repo 105, it's time to get technical on the accounting "gimmick" Lehman Brothers used to move some $50 billion in assets off its balance sheet. The repo (or ...