3 ms·

Lehman Brothers was an investment bank, different kind of bank.

• metadat 4y ago
  Are they not technically in the set of failed U.S. banks? What kind of banks are on the list? Why are there "other" kinds of financial banks at all? If you'd said a food bank, I'd understand the fundamental difference.
  • hayleox 4y ago
    I assume this is only for banks that take deposits, since that's the only kind of bank that the FDIC insures. https://en.wikipedia.org/wiki/Investment_banking https://en.wikipedia.org/wiki/Investment_banking
  • deleted 4y ago
    [deleted]