【リーマン・ショック 世界規模の金融危機】DV Wall Street
Traders reacted coolly to a speech from President Barack Obama, who warned the financial industry against the type of recklessness that led to the collapse of Lehman Brothers a year ago today.
【リーマン・ショック 世界規模の金融危機】DV Meltdown WallStreet
The collapse of Lehman Brothers on Sept. 15, 2008 touched off a wave of panic on Wall Street. One year later, the markets and the economy shows signs of recovery, but real dangers remain.
【リーマン・ショック 世界規模の金融危機】UK Lehman 3
Interviews with staff who have been let go, boxes being moved
【リーマン・ショック 世界規模の金融危機】US Banks 5
WRAP Latest on collapse of Lehmann Brothers bank
【リーマン・ショック 世界規模の金融危機】US Markets
New York financials sector react to more bad news on Wall Street
【リーマン・ショック 世界規模の金融危機】South Korea US Bank
WRAP Korea bank ends talks with Lehman Brothers, reax, analyst
【リーマン・ショック 世界規模の金融危機】DV Lehman Brothers
Lehman Brothers will sell a majority stake in its prized investment management business,and may consider selling the whole company.
The financial crash: 10 years on since ECB's bold move
Date:AUGUST 9, 2017, DECEMBER 2016, JULY 2012, SEPTEMBER 2008, FILE Ten years ago to the day (August 9), the European Central Bank pumped 95 billion euros into the banking system to prevent it from seizing up, marking the start of the global credit crisis. At the time, it was the biggest ever injection of funds into financial markets and probably the most stunning single central bank action to date. Though the ECB was rightly seen as the vanguard of crisis prevention back then, it soon fell in the slipstream of other central banks - notably the Federal Reserve and Bank of England - who adopted much more aggressive and unconventional policies as the crisis unfolded. Tensions suddenly appeared on Aug. 9, 2007, when French bank BNP Paribas shut off access to three mortgage-related funds. It was the clearest sign to date that the financial system was malfunctioning and by common consensus was the start of the global crisis. At the time, 95 billion euros was an astronomical sum which many observers believed would unblock the global money markets through which trillions of dollars of interbank lending flows and upon which the world economy and financial system is built. That more muddled navigation was encapsulated best by a premature interest rate rise just months before the Lehman Brothers collapse in 2008 and also an inability to contain the early wildfires of the euro debt crisis in 2010 and 2011 - at least not until ECB President Mario Draghi's dramatic intervention in mid-2012. It didn't prevent the biggest financial crisis since the 1930s, the first contraction in global output in decades, or stave off the euro zone crisis that followed and which came close to blowing up the entire single currency project. And it proved to be a drop in the ocean of trillions of euros, dollars, pounds, yen and yuan liquidity and guarantees that central banks and governments around the world were ultimately forced to provide and are still providing. Under Draghi's presidency - mostly after the euro crisis threatened to bring the entire single currency edifice crashing down - negative interest rates have been imposed and the ECB has bought over 2 trillion euros of government and corporate bonds. (Caption:3127BU-GLOBAL-ECB_ANNIVERSARY)
USA: One year later Wall St reflects on lessons learned from the fall of Lehman Brothers It shocked the world. Around a year ago investment banking giant Lehman Brothers filed for bankruptcy. After the U.S. Government refused to bail the company out and no other firms stepped up to buy it, its demise was imminent. The collapse of Lehman was one of the catalysts of the global recession. It's failure caused tremendous fear about the economy and subsequently credit markets seized up. A year later people on Wall Street reflected on the lessons learned. "Lessons? I think everyone now realizes that we took a lot of risk," said Diego Cardenas who works at JP Morgan Chase. "I think that like the President said yesterday that we need to realize that we cannot do that again. I'm not sure that down the road - ten, fifteen years that will be the case. In the near future absolutely. With that, I think that we'll be a little more responsible. I think that overseeing more financial institutions or regulation will be a positive thing as long as it doesn't interfere as much with the markets as most people think it will." On Monday (September 14), President Barack Obama warned financial firms to heed the lessons of Lehman Brothers' collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year. Cynthia Drew said she felt Wall Street was being unfairly chastised. She said many people including consumers and regulators bear responsibility for the economic meltdown. "You know, we're all responsible. I think it's easy to target and blame one company or industry and I don't think appropriate," she said. Consumer spending, which is a leading indicator of the state of the economy, is starting to rise slightly. Sales at U.S. retailers rose at their fastest pace in 3 1/2 years in August. Steven Mannello who works at Ralph Lauren said he's seen a slight increase in sales but not to the level they were at before the crisis. He said he's also been tightening his belt. "Save. Save. Save. Stop spending frivolously.I think it's about restraint, that's my lesson." In his speech Obama said he was leaning towards not offering any more stimulus packages and that there were signs the economy was starting to grow. (Caption:USA: One year later Wall St reflects on lessons learned from the fall of Lehman Brothers)
USA: Obama, McCain speak out on economy
Economy regains centre stage on campaign trail, as both candidates address Wall Street crisis. U.S. presidential candidates Barack Obama and John McCain spoke out on Tuesday (September 16) about the economic meltdown playing out on Wall Street over the last several days. Obama said the recent turmoil, including Monday's 504 point drop on the stock market and the bankruptcy of Lehman Brothers, was an indictment of Republican leadership. "What we've seen the last few days is nothing less than the final verdict on an economic philosophy that has completely failed," Obama said while campaigning in Colorado. On Tuesday, the market began to gain back some of it's losses, and by the end of the trading day, the Dow was up 141 points. Obama seized on remarks by his opponent John McCain, who said the fundamentals of the economy remain strong. "Senator McCain stood up yesterday and said that the fundamentals of the economy are strong. A few hours later, his campaign sent him back out to clean up his remarks, and he tried to explain himself again this morning by saying that what he meant was that American workers are strong. But we know that Senator McCain meant what he said the first time, because he has said it over and over again throughout this campaign." McCain, campaigning in Florida Tuesday, condemned the practices of Wall Street executives. "The top of our economy is broken, we've seen self interest, greed, corruption, undermine the hard work of the American people. It's time to set things right and I promise to get the job done as your President." The upheaval on Wall Street has placed the economy back as the number one issue in the presidential campaign. In the past that has worked in Obama's favor, but McCain made clear Tuesday he has no intention of ceding the issue to the Democrats. (Caption:USA: Obama, McCain speak out on economy)