Darius McDermott: How do financials look 10 years after Lehmans?

Where UK managers stand

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Darius McDermott of FundCalibre and Chelsea Financial Services
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Darius McDermott of FundCalibre and Chelsea Financial Services

With many investors still fighting shy of financial stocks a decade after Lehman Brothers collapsed, Darius McDermott, managing director of FundCalibre and Chelsea Financial Services, takes a closer look at how the professionals are viewing the sector.

A decade on from the collapse of Lehman Brothers, many investors remain understandably nervous when it comes to entrusting their money to financials stocks. When Lehman filed for bankruptcy on 15 September 2008, it triggered the worst financial crisis of our lifetime - starting a domino effect as the bad debts of once trusted banks were brutally exposed. Almost $10trn (£7.68trn) was wiped off global equity markets and, in the months that followed, the likes of RBS and Lloyds had to be rescued by government bailouts. An astonishing 465 US banks failed. The investors set for a £6bn L...

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