Recent for 10/24/08
- Santander Clients Hit By Lehman Collapse · Santander, Spain’s largest bank, said Friday it will compensate clients who lost roughly $507 million on bonds issued by failed U.S. investment bank Lehman Brothers. Banks in Hong Kong, Singapore and Italy have also agreed to buy Lehman securities after protests from investors. (FT)
- Global Markets Plunge Amid Recession Fears · Asian and European stocks neared multi-year lows Friday as fears of a global recession mounted. Japan's Nikkei 225 index dropped 9.6% while the FTSE 100 fell 5% after data revealed the U.K. economy contracted for the first time since 1992. (FT)