One of the oldest AND the forth-largest US-established investment bank, LEHMAN BROTHERS, announced its bankrupcy today.
The share price of the company decreased sharply after Merrill Lynch sold a large amount of its shares at an extremely low price. This has also caused the Dow Jones Industrial Index to drop by 288.55 to 11133.44 just 10 minutes after the market opened.
The share price of the company decreased sharply after Merrill Lynch sold a large amount of its shares at an extremely low price. This has also caused the Dow Jones Industrial Index to drop by 288.55 to 11133.44 just 10 minutes after the market opened.
We wonder what consequences would be caused by this shocking news?
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