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Financial Report 2019

The collapse of the investment bank Lehman Brothers on September 15, 2008 turned what was until then a US financial crisis into a full-blown global meltdown that would later be referred to as the “global financial crisis” or more dramatically as the Great Recession. In the ensuing months and years things got worse, and following taxpayer-funded bank bailouts around the world – people started questioning the role and integrity of banks and bankers worldwide. This evolved into a serious and unprecedented breakdown of trust between the public and the financial industry, evidenced by countless headlines and studies ever since.

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