Market Melt Down ; in Association with Rbs the Royal Bank of Scotland the Collapse of Lehman Brothers, a Year After Northern Rock Applied for Emergency Funding, has Sent Stock Markets Plunging. As Central Banks Try to Keep the Money Markets Going, We Asked North East Business Leaders for Their Views and Former Wall Street Economist Ian Shepherdson Gives His Analysis of the Situation.

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THERE will never be another Wall Street weekend like this one. In the space of 48 hours, one of the oldest and biggest investment banks, Lehman Brothers, went bust. Another, Merrill Lynch, was forced into a merger with Bank of America to avoid a Lehman-style meltdown.

And the world's biggest insurer, AIG, spent the weekend pleading with regulators and potential investors to loosen the rules and help it raise cash.

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Market Melt Down ; in Association with Rbs the Royal Bank of Scotland the Collapse of Lehman Brothers, a Year After Northern Rock Applied for Emergency Funding, has Sent Stock Markets Plunging. As Central Banks Try to Keep the Money Markets Going, We Asked North East Business Leaders for Their Views and Former Wall Street Economist Ian Shepherdson Gives His Analysis of the Situation.

How the mighty are fallen! A generation ago, in 1986, when the UK financial services marketplace was deregulated in the Big Bang, the American investment banks rode into London like conquerors, snapping up the venerable Br...

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