US banks flourish five years after meltdown | News | Al Jazeera

US banks flourish five years after meltdown

Banks post record profits but millions of people still feel effects of recession triggered by Lehman Brothers collapse.

    It has been five years since former US investment bank Lehman Brothers collapsed, triggering the worst global financial crisis in decades.

    Millions of people around the world are still suffering the effects of the recession, but not the banks.

    The financial institutions blamed for the meltdown and their CEOs are back to posting record profits and bonuses.

    Al Jazeera's Cath Turner reports from New York.

    SOURCE: Al Jazeera


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