18 Sep

The US Federal Reserve, European Central Bank and Bank of England injected tens of billions of dollars into money markets after the fall of Lehman Brothers, the banking titans. Lehman Brothers declared itself bankrupt and file for it on Monday. Macquarie Private Wealth associate director Marcus Droga said, “I’m not suggesting the US market will crash tonight, but in terms of landmark events, it’s an historic day.”
European and Asian stocks plunged by three to five percent, and the dollar fell. 30 billion euros (43 billion dollars) injected by the European Central Bank into money markets to keep them on track after the Lehman Brothers bankrupt. The Bank of England injected 5.0 billion punds (6.3 billion euros/9.0 billion dollars). Americans should brace for “a very rough Monday warned The Wall Street Journal in an editorial Monday.

2 Responses for "Lehman Brothers Bankruptcy"
I felt sad to them, nobody can believe they will go bankrupt as the Meryl l Lynch company do being one of the oldest group of company. We should hope for their quick recovery, because thousands of employees will be affected.
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