15 September 2008 Archive
Recession fears crunch business confidence
Business confidence in the future of the economy is willowing towards an all-time low. |
Lehman Brothers files for bankruptcy
Lehman Brothers has filed for bankruptcy protection after a rescue package failed to emerge. |
Bank of America buys Merrill Lynch for $50bn
Bank of America is to buy US investment bank Merrill Lynch for $50 billion £27.7 billion). |
London drops 3% on Lehman bankruptcy
The FTSE 100 opened with falls of over three per cent this morning as the tsunami of bleak financial news hit London. |
FTSE 100 down 5.25% at lunch
The aftershocks of Lehman Brothers' collapse continue to rock London this morning, with the FTSE 100 down 5.25 per cent at 12:03BST. |
Bank of England steps in over Lehman crisis
The Bank of England is to inject £5 billion into the UK money markets as the collapse of Lehman Brothers hits worldwide equity markets. |
Lehman: UK administrators amazed
The team charged with unwinding Lehman Brothers admitted being amazed the firm failed, as it was revealed some staff had already gone and it was uncertain whether wages will be paid. |
FTSE 100 closes down 3.29%
The FTSE 100 closed down 3.29 per cent - rocked by the bankruptcy of investment bank Lehman Brothers, the sale of Merrill Lynch and fears about AIG. |
Bush to 'minimise Lehman shock'
President Bush today admitted the US government would act to minimise shocks stemming from the collapse of Lehman Brothers. |
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