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A decade on, Global Financial Crisis still reverberates

A sign in front of Lehman Brothers in New York on September 15, 2008

A sign in front of Lehman Brothers in New York on September 15, 2008 Source: AAP

It would become known as the Global Financial Crisis -- the GFC -- but, to many, its centrepiece was New York, September 2008, the day the banking giant Lehman Brothers filed for bankruptcy. Lehman Brothers' collapse would mark the largest and highest-profile casualty of the crisis that shook the world. Saturday, September 15 marks 10 years since that day. Peggy Giakoumelos takes a look at the ongoing impact.


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By Peggy Giakoumelos

Presented by Ana Solomon

Source: SBS




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It would become known as the Global Financial Crisis -- the GFC -- but, to many, its centrepiece was New York, September 2008, the day the banking giant Lehman Brothers filed for bankruptcy. Lehman Brothers' collapse would mark the largest and highest-profile casualty of the crisis that shook the world. Saturday, September 15 marks 10 years since that day. Peggy Giakoumelos takes a look at the ongoing impact.



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