Abstract

Lehman Brothers (Lehman), a global investment bank, serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Lehman has a major presence in equity and fixed income sales, trading and research, investment banking, private equity, and private client services. Despite its strong performance in the past few years, Lehman anticipates stiff competition from rivals like Goldman Sachs and Morgan Stanley.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Lehman, Investment banking, Fixed income, Derivatives and trading, Public issue, Equities, Capital markets, Liability management, Mergers and acquisitions, Restructuring, Private client services, Credit risk management, Risk management, Enterprise risk management (ERM)