Which 2008 crisis followed the collapse of Lehman Brothers and became a worldwide stock-market crash?

The 2008 crisis that followed Lehman Brothers’ collapse was the global financial crisis.

Lehman Brothers filed for bankruptcy on September 15, 2008, after suffering heavy losses connected to mortgage-related securities and the U.S. housing downturn. Its failure intensified fear about the solvency of banks and financial institutions around the world.

Stock markets plunged as credit froze, companies cut investment, and investors sought safer assets. The crisis had begun earlier through problems in the U.S. subprime mortgage market, but the Lehman bankruptcy became a widely recognized turning point in the panic.

The global financial crisis is sometimes called the Great Recession, but those terms are not identical. The financial crisis describes the banking and market shock, while the Great Recession describes the severe economic downturn that followed. Governments and central banks responded with rescues, stimulus, and emergency lending.