Wednesday, 17 September 2008

Lehman Bros bankruptcy

Lehman Brothers which was a global investment bank collapsed on Sept 14th 2008.
The present economic situation is similar to the 1920's.
There were 5,000 staff in the UK and 25,000 around the world.
They could be placed into liquidation.
Many economists said the effects will be spread all over the world including Hungary.
Other banks also will be in danger of collapse.

Ryusuke

No comments: