NEW YORK ( The Deal) -- The collapse of Lehman Brothers sent a seismic shock through Wall Street, but the wrath it incurred among Main Street and the regulators entrusted to protect its denizens continues to change the business of banking five years later, especially when it comes to institutions whose size and interdependence with the global economy make them systemically important.Amid the crisis of 2008, the superficial structure of banks changed quickly. Lehman filed for bankruptcy, Bear, Stearns & Co. failed and was bought by JPMorgan Chase (JPM - Get Report), Bank of America (BAC - Get Report) bought Merrill Lynch (ML), Wells Fargo (WFC - Get Report) scooped up Wachovia and Citigroup (C - Get Report) suffered losses that would trigger the sale of its Smith Barney business to Morgan Stanley.
The Deal: Post-Lehman Wall Street Remains Gun-Shy
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