Here’s what’s been going on in the world of personal finance and money today:
From Money Watch:
- Further Bank Bail-Outs? – So, the U.S. Treasury has decided not to bail-out Lehman Brothers bank, the fourth largest investment bank in the States. It now makes me wonder what our Government would do should one of our big banks threatened to go bust?
From around the web:
- In the 21st century, redundancy isn’t the end of the line – With a recession looming, up to 30 per cent of employers are said to be planning to cut jobs. But the P45 can be a passport to a new career
- Credit card holders transferring £1,600 in next 12 months – Credit card holders are planning to transfer debts between cards rather than pay them off due to the credit crisis, new research shows.
- Meltdown Monday – More news & thoughts from BBC business editor Robert Peston on the collapse of Lehman Brothers and the future for the markets.
- Lehman: insolvency looms – Preparations have been made for Lehman Brothers, the substantial US investment bank, to obtain protection from its creditors under US Chapter 11 insolvency procedures. Keep an eye on the markets, it could be a very rocky ride.