The road to recovery has been paved with unprecedented borrowing.
10 Years After the Financial Crisis
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Banks are safer today, but is the system strong enough to withstand the next shock?
Einhorn, Paulson, and Howard made their names in the crisis, but they faded in the decade that followed.
“Whole families, whole districts, whole towns are feeling abandoned and there’s not much to fix it on the horizon.”
Which financial crisis book should you read?
Australia’s finance industry came through 2008 with flying colors. Then it got cocky.
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Brad Hintz, Former Lehman Brothers CFO and NYU Stern School of Business Professor, offers insight on his years at Lehman and reflects on the 2008 financial crisis. He speaks with Bloomberg's Tom Keene and Anna Edwards on "Bloomberg Surveillance." (Source: Bloomberg)
Ten years after Lehman Brothers collapsed, former Deutsche Bank Chief Executive Officer Josef Ackermann says European banks are in a position of inferiority compared to their U.S. peers, and have no choice but to pursue cross-border mergers in an era of Donald Trump’s “America First.” Josef Ackermann ran Deutsche Bank for 10 years until 2012. He spoke in an interview with Bloomberg Television's Guy Johnson, recorded Sept. 3 in Zurich. (Source: Bloomberg)
Former Bank of England Governor Mervyn King discusses his memories of the collapse of Lehman Brothers, the subsequent financial crisis and its impact on central bank policy and the U.K.'s banking industry. He spoke with Bloomberg's Guy Johnson on August 31 in London. (Source: Bloomberg)
OECD Secretary-General Angel Gurria discusses the global financial crisis following the collapse of Lehman Brothers, multilateral approaches to trade negotiations, and efforts by his organization to address economic inequality. He speaks on "Bloomberg Markets: European Close." (Source: Bloomberg)
Adair Turner, director at Foundation for Science and Technology and former U.K. Financial Services Authority chairman, recalls how the financial crisis unfolded in the U.K., what could have been done differently, and the issue that may lead to the next crisis. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
NEX Group PLC Founder Michael Spencer talks about the financial crisis from 10 years ago. He speaks with Bloomberg's Guy Johnson. (Source: Bloomberg)
Daniel Tarullo, Harvard Law Visiting Professor and former Federal Reserve Governor, discusses the legacy of the financial crisis and the lingering issues that have yet to be addressed. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Former New York Fed President William Dudley discusses the state of the banking system in the wake of the financial crisis and the Federal Reserve's rate path. He speaks with Bloomberg's Michael McKee on "Bloomberg Markets: The Open." (Source: Bloomberg)
Jonathan Miller, president and chief executive officer of Miller Samuel Inc., takes a look at the state of the U.S. housing market 10 years after the financial crisis of 2008. He speaks with Bloomberg's Caroline Hyde and Scarlet Fu on "Bloomberg Markets: The Close." (Source: Bloomberg)
Bob Diamond, founding partner and chief executive officer at Atlas Merchant Capital, and former chief executive officer at Barclays, reflects on the warnings signs that led up to the financial crisis and discusses the aftermath of the crisis for the global banking system. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
Former Bank of England Deputy Governor John Gieve discusses what we learned from the financial crisis 10 years ago, the connection to the U.K. banks, the importance of the Lehman collapse and the recovery of European banks. He speaks on "Bloomberg Markets: European Open." (Source: Bloomberg)
In today's "Morning Must Read," Bloomberg’s Francine Lacqua and Tom Keene highlight a recollection of the collapse of Lehman Brothers. They speak with Bob Michele, global chief investment officer at JPMorgan Asset Management, on "Bloomberg Surveillance." (Source: Bloomberg)
Mark Gilbert, a Bloomberg View columnist, explains why Brexit may be a Lehman moment for European banks. He speaks with Bloomberg's Mark Barton on "Bloomberg Markets." (Source: Bloomberg)
