Lehman Brothers losses loom large
The collapse of Lehman Brothers has shocked investors in structured products. Previously immune to the financial crisis in the immediate markets that surround them, those that bought products from the defunct US investment bank are now contemplating major losses, even on products that were supported by guarantees. Structured Products staff report on the impact in Asia, Europe and the US
Lehman Brothers provided a secondary market for the structured products it had issued all the way up until Friday, September 12. Over the following weekend, the aged US investment bank ground to a shocking halt and called in the bankruptcy professionals.
Structured products are one means by which retail investors are directly exposed to the bank's collapse, and product holders are toiling with
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