What was the biggest company collapse in history?
The biggest corporate collapse in financial history when measured by asset scale, economic fallout, and systemic impact is widely considered to be the collapse of Lehman Brothers in September 2008. Holding over six hundred billion dollars in assets, the iconic global investment bank filed for Chapter 11 bankruptcy protection at the height of the subprime mortgage crisis, triggering an unprecedented freezing of global credit markets, widespread interbank panic, and a severe worldwide economic recession. Other massive corporate meltdowns, such as Enron or WorldCom due to accounting fraud, or FTX in the cryptocurrency sector, caused immense financial losses and regulatory overhauls, but Lehman Brothers remains the ultimate symbol of systemic corporate failure.
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