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Tough Times Lie Ahead For Banking Sector

By Tamal Bandyopadhyay On September 15, 2008, Lehman Brothers Holding Inc, the ‘too big to fail’ fourth-largest investment bank in the United States, with 25,000 employees, $639 billion in assets and $613 billion in liabilities, filed for bankruptcy, triggering a global financial crisis. The US government allowed the iconic investment bank to fail, but ....

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