The financial crisis was between 2007-2008. This crisis is often called “The global financial crisis” and “2008 financial crisis“. The crisis is considered by many economists to have been the worst financial crisis since the Great Depression in the 1930s
The crisis began in 2007 with a crisis in the subprime mortgage market in the United States and developed into a full-blown international banking crisis with the collapse of the investment bank Lehman Brothers on September 15, 2008.
Lehman Brothers was a global financial services firm founded in 1850. Before going bankrupt in 2008, Lehman was the fourth-largest investment bank in the United States. Lehman Brothers were doing business in investment banking, trading, research, investment management, private equity, and private banking.