Under the influence of escalation of Subprime Mortgage Crisis, following Bear Stearns’s sudden death, the third-largest U.S. investment bank Merrill Lynch was acquired, the fourth-largest investment bank Lehman Brothers ,after filed for bankruptcy protection , it’s capital have been split and acquired, due to serious losses related to loans. Morgan Stanley and Goldman Sachs was forced to turn to become an integrated commercial banks.
In the process of cultivation and development of Chinese cap...