TITLE

Risk is the vital issue in assessing Lehman cases

PUB. DATE
September 2009
SOURCE
Money Marketing;9/17/2009, p35
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
In this article, the author discusses the collapse of Lehman Brothers in 2008 which resulted in an economic crisis. Economists believed that it would end the banking sector. However, the government in Great Britain acted immediately allocating 175 billion pounds for bank support. According to the author, proper precaution must be carried out by the Financial Services Authority (FSA) and the Financial Ombudsman Service (FOS) in assessing consumer losses.
ACCESSION #
44678014

 

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