Monday, 14 September 2009

Lehman Brothers collapse, one year on

Link to the article: Channel 4 News

By Channel 4 News

Lehman Brothers bankrupt, AIG rescued and HBOS-Lloyds merge - we look back at the week that triggered a financial meltdown.
On this day in 2008 banking giant Lehman Brothers collapsed.

It was the largest financial bankruptcy in US history and triggered a global financial meltdown whose repercussions are still being felt.

As Channel 4 News reported, the week of 15-19 September 2008 was one of economic turmoil which also saw Merrill Lynch bought, AIG rescued and a HBOS-Lloyds merger.

Click on article link for time lines of the Lehman Banking Collapse.