Lehmans - One year on: Ian Lowes' view

"Lehman Brothers was the fourth biggest investment bank in the US, the largest player on the London Stock Exchange and rated by the leading credit rating agencies as being in a strong position to meet its financial obligations. "It has been suggested 17 March 2008 was a pivotal date from which point it was apparent the bank was in trouble, but the credit rating agencies did not downgrade their assessments to indicate it should be avoided and, as such, IFAs and investors had no real indication of what was to come. "The collapse could therefore not have been foreseen by the typical IFA,...