Summary
Financial leaders last night called for calm as sell-offs again drenched equity markets throughout the world in red ink in the wake of the collapse of US investment bank Lehman Brothers.
In London, the blue chip FTSE 100 index had its worst day for more than three years, closing 178.6 points, or 3.4 per cent, down at 5025.6, its lowest since June 2005, after falling below 5,000 at one point.See the full content of this document
Extract
Plea for Calm As Stock Markets Are Stained Red
Renewed fears that the global credit crunch was putting its ability to raise funds under pressure saw the Halifax Bank of Scotland (HBOS) banking...
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