Darius McDermott: How do financials look 10 years after Lehman's?

Where UK managers stand

clock • 4 min read

With many investors still fighting shy of financial stocks a decade after Lehman Brothers collapsed, Darius McDermott takes a closer look at how the professionals are viewing the sector

A decade on from the collapse of Lehman Brothers, many investors remain understandably nervous when it comes to entrusting their money to financials stocks. When Lehman filed for bankruptcy on 15 September 2008, it triggered the worst financial crisis of our lifetime - starting a domino effect as the bad debts of once trusted banks were brutally exposed. Almost $10 trillion (£7.68 trillion) was wiped off global equity markets and, in the months that followed, the likes of RBS and Lloyds had to be rescued by government bailouts. An astonishing 465 US banks failed. Alan S Blinder, autho...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

'It's been frantic – in a good way': Orbis' Matt Spencer on maintaining momentum

Advisers in the UK are ‘exceptionally high quality’

Jenna Brown
clock 25 November 2025 • 8 min read
Why 'bubble talk' doesn't always burst markets

Why 'bubble talk' doesn't always burst markets

What’s really driving recent returns?

Eleanor Ingilby
clock 20 November 2025 • 4 min read
Consultancy launches to provide IFAs with 'robust' investment processes

Consultancy launches to provide IFAs with 'robust' investment processes

Sheridan Admans launches Infundly

Isabel Baxter
clock 06 November 2025 • 1 min read