Lehman Brothers: have the banks recovered?
Financial Crisis
On 15 September 2008, U.S. financial services firm Lehman Brothers filed for bankruptcy, proving the final trigger for the global financial crisis. A decade later, to what extent are the effects of the recession still to be seen in Europe's banks? As our chart shows, based on the latest available data, European banks do not seem to have fully recovered from the shock. According to data from the Financial Stability Board, the total financial assets of eurozone banks amounted to €26,818 million in 2016, still well below their value in 2008 (nearly €36,300 million)
Description
This chart shows the value of assets held by banks in a selection of EU countries in 2008 and 2018.
