10 years ago, on September 15, 2008, America's fourth-largest investment bank Lehman Brothers filed bankruptcy. With total debts of $613 billion against total assets of $639 billion and 25,000 employees worldwide, Lehman's bankruptcy was said to be the largest in the history, surpassing that of Worldcom's and Enron's.
Lehman Brothers' crisis further led to global financial crisis that year with the development hitting several economies as global markets plummeted immediately. Several countries had to face the heat as the company's collapse pulled down confidence in banks across the world. This included India's then largest private lender ICICI Bank too.
CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.
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