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Markets dip as Lehman goes belly up

China Daily | Updated: 2008-09-16 07:33

Markets dip as Lehman goes belly up

Mo Grimeh, a Lehman Brothers managing-director who has worked with the company for 10 years, walks out of his office building in New York on Sunday. Lehman filed a bankruptcy petition with the US Bankruptcy Court after attempts to save the 158-year-old bank from insolvency failed. Reuters

NEW YORK: When Wall Street woke up yesterday, two more of its fancied firms had fallen.

Markets dip as Lehman goes belly up

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