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Pol/Econ Finance
Pol/Econ: Lehman Bros files for bankruptcy
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Monday, 15 September 2008 Written by Staff
Lehman Brothers, the fourth-largest US investment bank, has filed for bankruptcy protection, dealing a blow to the fragile global financial system.

The news led to sharp falls in share prices around the world, and officials took measures to reassure markets.

Lehman had incurred losses of billions of dollars in the US mortgage market.

Read the full article here.