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BLOW-BY-BLOW: LEHMAN BROTHERS’ COLLAPSE
22 August 2007
Lehman closes its subprime lender BNC Mortgage as the sector falls into crisis.
17 June 2008
Bank posts a $2.8bn loss in just one fiscal quarter.
13 September 2008
Barclays and Bank of America end buyout plans as New York Fed boss Tim Geithner holds crisis talks.
15 September 2008
In the early hours, Lehman files for Chapter 11 protection and the race to sell off assets begins.
16 September 2008
Barclays buys part of Lehman’s USassets.
22 September 2008
Nomura says it would buy Lehman’s franchise in Asia Pacific and acquire its European arm.