This is far from another Lehman brothers but we may not have passed the lowest point yet
We have yet to see what is known as the capitulation trade, the moment when the last hanging on optimist finally throws in the towel.
We have yet to see what is known as the capitulation trade, the moment when the last hanging on optimist finally throws in the towel.
Without the Bank’s pledge last Wednesday to buy gilts on “whatever scale is necessary”, the sell-off could have triggered chaos.
Most MPs tell me they believe a no-deal Brexit is a remote prospect. They are wrong. I would argue it is the most likely outcome
This week marks the 10th anniversary of the spectacular collapse of one of America’s most famous financial firms based in Wall Street, but with a key office in London. The first losses for Lehman were posted on the 10th of September with the situation deteriorating throughout the week and investors dumping stock and fleeing the bank.
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