Global News - Insurers and Reinsurers Bleed from Wall Street's Black Monday

Source: Asia Insurance Review | Oct 2008

The latest unravelling of the financial markets, hit by the global sub-prime crisis and mortgage-related woes in the US came with the collapse of two of Wall Street’s oldest investment banks, Lehman Brothers Holdings and Merrill Lynch on 15 September, sending stocks tumbling worldwide and heads rolling in the US’ financial markets.

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Global News - Insurers and Reinsurers Bleed from Wall Street's Black Monday

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