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

Partner Insight: Finding the right partner for a managed portfolio service

Partner Insight: Finding the right partner for a managed portfolio service

Francis Clark Financial Planning set up a white-label managed portfolio service for their clients, but as the effects of COVID-19 played out and markets stagnated, they realised they needed a change. Managing Director Chris Reah explains how they found the right solution.

Chris Reah, Francis Clark Financial Planning
clock 13 October 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Catch up on the discussion

Professional Adviser
clock 10 October 2025 • 1 min read
MPS Watchlist - Issue 4 - Out Now!

MPS Watchlist - Issue 4 - Out Now!

Professional Adviser
clock 10 October 2025 • 1 min read