On September 15, 2008, Lehman Brothers went bankrupt, victims of the subprime crisis and excessive risk-taking. Exactly one year after the scandal, former employees reflect on the fall and its consequences.
European shares kept up the previous session's downard trend as London, Frankfurt and Paris each shed around 1% in morning trade. Earlier, Asian stocks closed down more than 5%, dragged down by news of a recession in the US.
Asian equities slid on Tuesday after signs of a deepening global economic slump slammed stocks worldwide the previous day, driving benchmark US Treasury yields to their lowest since the 1950s.
It's been another wild week on world financial markets. Raphaël Kahane asked Joseph Conway, CEO of IAMGold Corporation, a gold mining and exploration company, whether investors should seek shelter in safe havens such as gold assets.
Following the fourth European meeting in a week, this time with all the eurozone states, the markets are finally seeing a resurgence. Is this trend likely to last?
In China, years of staggering growth have pushed around 100 million small investors to play about with the market. Yet, as the financial crisis kicks in, these non-professionals are left to grapple with a situation they are not trained to face.
With soaring inflation, a diving US dollar, collapsing housing markets, and record high food and energy prices, are central bankers and policy makers making the right calls to get the global economy back on track? (Part 2)
With soaring inflation, a diving US dollar, collapsing housing markets, and record high food and energy prices, are central bankers and policy makers making the right calls to get the global economy back on track? (Part 1 of 2)
