What was the name of the global financial crisis marked by Lehman Brothers’ bankruptcy in September 2008?

The global financial crisis marked by Lehman Brothers’ bankruptcy in September 2008 was the Global Financial Crisis.

Lehman Brothers filed for bankruptcy on September 15, 2008, after heavy exposure to mortgage-related assets and an inability to secure a buyer or government rescue. The failure intensified a worldwide credit freeze. Stock markets plunged as banks, companies, and investors reassessed the safety of complex financial products linked to U.S. housing.

The crisis developed from the bursting of the U.S. housing bubble, risky mortgage lending, high leverage, and weaknesses in financial regulation. It led to the Great Recession, which began in the United States in December 2007 and spread internationally. The 2008 stock-market crash is often used interchangeably with the broader financial crisis, but the crash was one part of a longer banking, housing, and employment crisis. Governments responded with rescues, stimulus programs, and emergency central-bank measures.