What was the name of the 2008 crisis triggered by the collapse of Lehman Brothers and the U.S. housing bubble?

The 2008 crisis associated with the U.S. housing bubble and Lehman Brothers’ collapse was the global financial crisis.

The crisis grew from risky mortgage lending, complex securitized products, excessive leverage, and falling U.S. house prices. Lehman Brothers filed for bankruptcy on September 15, 2008, intensifying panic in credit and stock markets worldwide.

Banks became reluctant to lend because institutions could not easily determine where losses were concentrated. Governments and central banks responded with emergency lending, bank rescues, interest-rate cuts, and fiscal measures. The shock produced a severe global recession and sharply reduced employment and output in many countries.

The crisis is broader than the U.S. subprime-mortgage crisis, which was an important cause and early stage. It is also distinct from the 1929 crash: the 2008 episode involved modern global banking networks and a worldwide credit freeze.