Europe, UK central banks shore up markets reeling from Lehman Brothers’ crash
The second shock from Lehman Brothers’ crash is expected when Wall Street opens Monday, Sept. 15. The European Central Bank injected 30 billion to steady the markets, followed by the Bank of England, which earmarked 5 billion sterling to arrest the City’s slide.
• AIG thrown $20bn lifeline
• Merrill Lynch seals future with Bank of America deal
Rogers: Dollar To Lose World Reserve Status
With the greenback plummeting after the news of Lehman Brothers' bankruptcy, top investor Jim Rogers predicts that the dollar will lose its status as the world reserve currency status and has resolved to buy more gold despite a recent fall in the price of the commodity.
Greenspan - US In 'Once-In-A-Century' $ Crisis
Tectonic Shift As Lehman Fails, Merrill Sold
Big Insurer AIG's Portfolio Plummets
The Credit Crunch Mess: What Next?
What next for the credit crunch? | ||
Monday was the most momentous day on Wall Street since the 1930s. America said no to another bailout and farewell to two venerable institutions, Lehman and Merrill Lynch. So what is next for the global economy? From the 22nd floor of the newest of the City of London skyscrapers, The Willis Building, Evan Davis was joined by: • Robert Peston, BBC business editor • Gillian Tett, assistant editor, Financial Times • Nouriel Roubini, professor of economics and international business, Stern School of Business, New York University • Avinash Persaud, chairman, Intelligence Capital • George Magnus, senior economic advisor, UBS • Dr Linda Yueh, economist, Oxford University • Diana Choyleva, director, Lombard Street Research • Andrew Moss, chief executive officer, Aviva • Martin Weale, director, National Institute of Economic and Social Research • Dr Benjamin R. Barber, author, Consumed • Bridget Rosewell, founder, Volterra • Jon Moulton, founder, Alchemy partners • David Shairp, chief global strategist, JP Morgan Asset Management • Sam Stovall, chief investment strategist, Standard and Poors Producer: Sue Davies Researcher: Michael Wendling | ||
Global problem How has the credit crunch hit different parts of the world?
In graphics Facts and figures behind the credit crunch
New York shock: Lehman is broke 
London workers react to Lehman news 
Alan Greenspan warns of financial crisis 
The Credit Crunch Mess, What's Next? 
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