Singapore shares dive after Lehman Brothers collapse
Wednesday, 17th September 2008
Singapore stock markets went into a dizzying fall as the collapse of US investment bank Lehman Brothers sparked fears that more bad news is on the horizon for the finance sector and the economy. The collapse of Lehman Brothers has sent a major jolt through global financial markets as it is by far the biggest victim of the credit crisis that started in August 2007. It had been previously considered that firm like Lehman Brothers are too big to fail.