10 years since Lehman: Tech stocks dominate 'too big to fail' banks on Wall Street
Updated : September 17, 2018 06:36 AM IST
The big banks of Wall Street, at their peak in June 2007, were the biggest market players. The S&P 500 financial sector index had a collective net worth of more than $2.9 trillion, about 30 percent of the total S&P index.
The entire S&P financial sector’s market value plummeted 83 percent to $2.4 trillion compared with the broader S&P 500’s 58 percent swoon.
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