The collapse of Lehman Brothers, one of the largest investment banks in the United States, was a key event in the 2008 financial crisis. When the bank filed for bankruptcy in September 2008, it caused shockwaves throughout the financial industry and led to a loss of confidence in financial markets around the world. The failure of Lehman Brothers also had a significant impact on other financial institutions, many of which had invested heavily in the bank's assets. This, in turn, led to a wave of bank failures and bailouts, ultimately contributing to the broader financial crisis that affected economies around the world.
