– Geoffrey Wood is professor of economics at Cass Business School in London. The opinions expressed are his own -The collapse of Lehman Brothers on September 15, 2008, was the largest bankruptcy in U.S. history, sparking a crisis that paralysed the global financial system. But how significant was the bank’s collapse to the UK economy? What about other events such as Northern Rock? Professor Wood argues that the fall of Lehman was just one of many symptoms of the recession in this country.The year of global change: watch our documentary and view our interactive timeline on the fall of Lehman Brothers and the 365 days of upheaval that followed.