We're Set to Face More Major Shocks, Says Luff ; West Midlands Banking Crisis

Birmingham Post › September 16, 2008

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Summary

The collapse of Lehman Brothers and takeover of Merrill Lynch will not be the last major shocks to come in the wake of the credit crunch, the chairman of the Commons Business and Enterprise Committee has predicted.

Peter Luff (Con Mid Worcestershire) said the news that America's fourth-largest investment bank had filed for bankruptcy protection could affect investment in the West Midlands.

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We're Set to Face More Major Shocks, Says Luff ; West Midlands Banking Crisis

He said: "What these events show is that this credit crunch is very different to the depressions or ...

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