Edward Bonham Carter: Escaping Lehman's shadow

Crisis’s 10th anniversary

clock • 6 min read

Financial markets have staged a remarkable recovery since the fall of Lehman Brothers, writes Edward Bonham Carter, but the question of how best to end central bank support hangs heavy over all participants

A decade on from the collapse of Lehman Brothers on 15 September 2008, the unorthodox measures central banks took to dampen the fires of the global financial crisis have left a smouldering terrain that has cast a pall over the global economic recovery. Asset prices may have hit all-time highs but confidence remain fragile - fears the next global shock may be round the corner makes for skittish investors as we have seen with the currency crises in Turkey and Argentina. Unhappy anniversaries of the Lehman kind do little to soothe nerves, with the media likely to put as much focus on what r...

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 Economics / Markets

UK inflation falls to 3% to give BoE 'green light' for rate cut

UK inflation falls to 3% to give BoE 'green light' for rate cut

In line with expectations

Michael Nelson
clock 18 February 2026 • 2 min read
Interest rate cuts expected after UK GDP edges up 0.1%

Interest rate cuts expected after UK GDP edges up 0.1%

Construction output lowest since 2021

Patrick Brusnahan
clock 12 February 2026 • 2 min read
Leaked Budget document viewed almost 25,000 times ahead of speech

Leaked Budget document viewed almost 25,000 times ahead of speech

Office for Budget Responsibility chair Richard Hughes quit as a result

Jenna Brown
clock 11 February 2026 • 2 min read