KELOMPOK 8 KEBANGKRUTAN BANK INVESTASI AS LEHMAN BROTHERS 2008

Introduction

This tutorial explores the collapse of Lehman Brothers in 2008, a pivotal event in the financial crisis that affected global economies. Understanding the factors leading to this bankruptcy can provide valuable insights into risk management, investment strategies, and the importance of regulatory measures in banking.

Step 1: Understand the Background of Lehman Brothers

• History of the Firm: Research the establishment of Lehman Brothers and its growth in the investment banking sector.
• Key Services: Familiarize yourself with the services offered by Lehman Brothers, such as asset management, investment banking, and trading.
• Market Position: Analyze Lehman Brothers' position in the market leading up to 2008, including its size and influence in the financial sector.

Step 2: Analyze the Factors Leading to Bankruptcy

• Subprime Mortgage Crisis: Explore how the rise of subprime mortgages contributed to the financial instability.
  • What are subprime mortgages?
  • How did the housing bubble affect Lehman Brothers?
• Risky Investments: Identify the types of risky investments made by Lehman Brothers, such as mortgage-backed securities.
• Leverage and Debt: Understand how excessive leverage (borrowing to invest) played a role in their downfall.

Step 3: Examine the Role of Financial Regulations

• Regulatory Environment: Assess the regulatory environment prior to the collapse and how it failed to prevent excessive risk-taking.
• Deregulation Trends: Look into the trends in deregulation that allowed firms like Lehman Brothers to operate with less oversight.
• Impact of Credit Ratings: Discuss the role of credit rating agencies in the financial crisis and how they misled investors regarding the stability of Lehman’s assets.

Step 4: Detail the Events Leading to Bankruptcy

• Timeline of Key Events: Create a timeline of crucial events leading to Lehman Brothers' bankruptcy, including:
  • The initial signs of trouble in the housing market.
  • The company's attempts to raise capital.
  • The eventual declaration of bankruptcy on September 15, 2008.
• Market Reaction: Analyze how the market reacted to the bankruptcy announcement and its immediate effects on the financial sector.

Step 5: Reflect on the Aftermath and Lessons Learned

• Global Financial Crisis: Discuss how Lehman Brothers' collapse triggered a global financial crisis.
• Regulatory Changes: Review the regulatory changes that were implemented after the crisis to prevent similar occurrences in the future.
• Investment Strategies: Consider the implications for investors and the importance of diversifying investments and understanding risk.

Conclusion

The bankruptcy of Lehman Brothers serves as a cautionary tale about the complexities of the financial markets and the importance of regulatory oversight. Key takeaways include the need for prudent risk management and vigilance in investment practices. Moving forward, consider how these lessons can be applied to current financial practices and the importance of staying informed about market conditions and regulations.