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In recent weeks we've seen the sudden collapse of US investment banking giant Lehman Brothers, the rescue of Merrill Lynch by Bank of America, the US government having to step in to support insurance giant AIG, and governments in Ireland and the Benelux countries supporting their national banks...

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Bibliographic Details
Published in:Motor Transport 2008-10, p.20
Main Author: Bowden, Chris
Format: Article
Language:English
Subjects:
Banking industry
Banks
Borrowing
Economic crisis
Financial management
Interest rates
International finance
Risk management
Securities markets
Online Access:Get full text
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Summary:In recent weeks we've seen the sudden collapse of US investment banking giant Lehman Brothers, the rescue of Merrill Lynch by Bank of America, the US government having to step in to support insurance giant AIG, and governments in Ireland and the Benelux countries supporting their national banks. In the UK, we've seen the nationalisation of Bradford & Bingley and the likely merger of HBOS and Lloyds TSB, plus the part-nationalisation of a number of other banks.
ISSN:0027-206X