Monday, September 15, 2008

News Line: US financials enter a dark era (Reuters Video)

Lehman files for Bankruptcy -- Courtesy of Reuters

(Reuters) Employees from U.S investment bank Lehman Brothers are seen leaving the office with boxes and Lehman signs.

London financial workers wake up to the news that major American investment bank Lehman Brothers has filed for bankruptcy protection, while another U.S. firm Merrill Lynch agreed to be taken over by Bank of America, as the deepening financial crisis hit even larger victims.

Lehman employees in London are seen coming into their Canary Wharf offices, many unaware of what the move means for them.

The video also shows hundreds of employees of the New York office of Lehman leaving their global headquarters building with their personal belongings.

Reports Reuters