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Sep 11, 2018
09/18
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years since lehman brothers collapsed — we'll look at whether enough has been done to prevent another crash. the ipad goes in the bin. tv presenter kirstie allsopp takes drastic action to stop the kids
years since lehman brothers collapsed — we'll look at whether enough has been done to prevent another crash. the ipad goes in the bin. tv presenter kirstie allsopp takes drastic action to stop the kids
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Sep 12, 2018
09/18
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outside source — still to come, it's ten years on from the collapse of lehman brothers, triggered the global financial crisis. i speak to an expert on the lessons we have learned. the egyptian general prosecutor has said that e.coli bacteria caused the deaths of a british couple last month. john and susan cooper fell ill while on holiday in the red sea city of hurghada. our correspondent, yunus mulla, told us more about the egyptian authorities‘ findings. in the case ofjohn cooper, they say the e coli was a factor in their deaths on bothjohn and susan. in the case ofjohn cooper, it caused acute intestinal dysentery and because of his underlying heart condition, that proved fatal and in the case of his wife susan, they believe the e coli cause the infection it was linked to gastroenteritis and led to her death. and these findings appear to confirm what thomas cook found through his independent experts. they told us last week that he found high levels of e coli bacteria at the hotel. at that time, they said they could not linked e coli to the couple's death. now the couple were on hol
outside source — still to come, it's ten years on from the collapse of lehman brothers, triggered the global financial crisis. i speak to an expert on the lessons we have learned. the egyptian general prosecutor has said that e.coli bacteria caused the deaths of a british couple last month. john and susan cooper fell ill while on holiday in the red sea city of hurghada. our correspondent, yunus mulla, told us more about the egyptian authorities‘ findings. in the case ofjohn cooper, they...
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Sep 12, 2018
09/18
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brokerage firm. so we are talking about the anniversary of the collapse of lehman brothers, but christine lagarde is looking ahead and she is saying she is concerned. the imf are a lwa ys saying she is concerned. the imf are always concerned about something, it is theirjob to be worried for eve ryo ne is theirjob to be worried for everyone else. this one is about the trade war in particular, and that she sees that affecting the global economy. and it is notjust the us and china, is it? the us and china is the headline, but it is the us and pretty much anyone else at does business with, and these tit—for—tat ta riffs business with, and these tit—for—tat tariffs are becoming such a big issue for the markets. and when you look at trade wars, no one really wins ina look at trade wars, no one really wins in a trade war, especially when you have two such superpowers like the us and china. the us but tariffs on one side, china on the other. that ends up increasing the prices of everything so it ends up costing jobs at the companies that produce the goods, and ends up costing th
brokerage firm. so we are talking about the anniversary of the collapse of lehman brothers, but christine lagarde is looking ahead and she is saying she is concerned. the imf are a lwa ys saying she is concerned. the imf are always concerned about something, it is theirjob to be worried for eve ryo ne is theirjob to be worried for everyone else. this one is about the trade war in particular, and that she sees that affecting the global economy. and it is notjust the us and china, is it? the us...
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Sep 14, 2018
09/18
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around the world. plus — ten years on from the collapse of lehman brothers — how the rise of china saved asia from the worst of the crisis. and the european markets are open and looking strong. and we'll be getting the inside track on all things tech: from controversial eu new laws on copyright, to the falling value of crypto currencies and the launch of the apple's new iphone. that's all with our technology guru, rory cellan jones. and talking about things you might have a little bit of a soft spot for... and volkswagen have announced they are to stop making its classic beetle car next year — it was first introduced nearly 80 years ago. the cars have been a cult classics for years — and they'll surely be missed. so today on #bbcbizlive we're asking what long lost favourites do you miss the most? what would you like to see brought back? let us know — just use the hashtag bbcbizlive hello and welcome to business live. we start in argentina — where trade ministers from the group of 20 top global economies are gathering for talks. tensions over trade are at their highest in de
around the world. plus — ten years on from the collapse of lehman brothers — how the rise of china saved asia from the worst of the crisis. and the european markets are open and looking strong. and we'll be getting the inside track on all things tech: from controversial eu new laws on copyright, to the falling value of crypto currencies and the launch of the apple's new iphone. that's all with our technology guru, rory cellan jones. and talking about things you might have a little bit of a...
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Sep 16, 2018
09/18
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to discuss next weekend, i'm sure. ten years ago this weekend, lehman brothers bank collapsed, the most significant moment in the global financial crash, which affected jobs, homes and incomes in countries around the world, and still does today. gordon brown, who was britain's prime minister at the time, is among those who warned this week that when the next crisis hits — when, not if — the international community will have neither the ability nor willingness to tackle it together. jef, did gordon brown have a point, do you think? i think so. i think there are lots of reasons to be concerned about this. i think human beings in finances and other areas are better at preparing for the last war than the next one. there has been important change in the global financial system. the banks have been struggling to recapitalise, more attention to the emergency brakes and buffers, ways of trying to prevent one local problem at a lehman brothers from spiralling into a world financial problem. but people are attracted to bubbles, they are always much easier to identify in retrospect. peopl
to discuss next weekend, i'm sure. ten years ago this weekend, lehman brothers bank collapsed, the most significant moment in the global financial crash, which affected jobs, homes and incomes in countries around the world, and still does today. gordon brown, who was britain's prime minister at the time, is among those who warned this week that when the next crisis hits — when, not if — the international community will have neither the ability nor willingness to tackle it together. jef,...
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Sep 12, 2018
09/18
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worked for lehman brothers, so give us her take. it‘s a big day for apple. the company is getting ready to unveil a range of shiny new devices as it fights for supremacy in the competitive tech world. but it may have an even bigger fight on its hands — and this time not from its corporate rivals. the company has found itself in the middle of the clash between the white house and beijing over trade. president trump is planning to impose new tariffs on $200 billion worth of chinese goods and the chinese have promised to retaliate in kind. that‘s alarmed apple, because many of its products are made in china, and it has written to us trade officials warning that products like the apple watch, the airpod and mac mini would be hit by us tariffs. it said this would lead to higher prices for us consumers and hurt the company‘s competitiveness. that prompted a response from mr trump himself. he tweeted that there was a simple way forward for apple — it should bring production home to america. sally. let‘s get more on this story from our north america technology correspondent dave lee,
worked for lehman brothers, so give us her take. it‘s a big day for apple. the company is getting ready to unveil a range of shiny new devices as it fights for supremacy in the competitive tech world. but it may have an even bigger fight on its hands — and this time not from its corporate rivals. the company has found itself in the middle of the clash between the white house and beijing over trade. president trump is planning to impose new tariffs on $200 billion worth of chinese goods and...
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Sep 13, 2018
09/18
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lehman brothers collapsed. it was the biggest casualty of the financial crisis — the root cause of which was the decision by american financial institutions to give mortgages to people who often couldn't afford them. those loans were bundled and sold from one bank to another, so when the housing bubble burst, panic spread quickly throughout the financial system. the effects of the crisis are still felt today. and what of the people who worked for lehman brothers —— famously photographed leaving the building carrying their belongings in cardboard boxes? emma simpson has been speaking to threeformer employees to find out what they're doing a decade on. it was the largest bankruptcy in us history. the moment when the credit crunch spiralled into a full—blown financial crisis. workers cleared their desks, too, watched by the world's media — including me. emma, what have you been able to glean for us? well, the mood tonight here is grim, huw, as you would expect. thousands of workers leaving the office tonight, wondering if they're going to have jobs to return to. ten years on, so, wh
lehman brothers collapsed. it was the biggest casualty of the financial crisis — the root cause of which was the decision by american financial institutions to give mortgages to people who often couldn't afford them. those loans were bundled and sold from one bank to another, so when the housing bubble burst, panic spread quickly throughout the financial system. the effects of the crisis are still felt today. and what of the people who worked for lehman brothers —— famously photographed...
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Sep 14, 2018
09/18
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us on bbc news. still to come: ten yea rs ten years after the collapse of lehman brothers bank, marking the beginning of the global financial crisis, how is middle america coping with the fallout from the financial meltdown? 30 hours after the earthquake that devastated mexico city, rescue teams still have no idea just how many people have died. there is people alive, and there is people not alive. we just can help and give them whatever we've got. it looked as though they had come to fight a war, but their mission is to bring peace to east timor, and nowhere on earth needs it more badly. the government's case has been forcefully presented by monsieur badinter, the justice minister. he's campaigned vigorously for the abolition, having once witnessed one of his clients being executed. elizabeth seton spent much of her time at this grotto, and every year, hundreds of pilgrimages are made here. now that she has become a saint, it is expected that this area will be inundated with tourists. the mayor and local businessman regard the anticipated boom as just another blessing of st el
us on bbc news. still to come: ten yea rs ten years after the collapse of lehman brothers bank, marking the beginning of the global financial crisis, how is middle america coping with the fallout from the financial meltdown? 30 hours after the earthquake that devastated mexico city, rescue teams still have no idea just how many people have died. there is people alive, and there is people not alive. we just can help and give them whatever we've got. it looked as though they had come to fight a...
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Sep 12, 2018
09/18
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collapse of lehman brothers bank — a key moment in the global financial crisis. in the period that followed, share prices plunged, the banking system teetered and millions of people lost theirjobs. the impact is still felt today. research carried out for the bbc has shown that real annual wages are, on average, £800 a year lower than they were a decade ago. our economics editor, kamal ahmed, reports. it's called a financial crisis. you're totally oblivious to it when you're in it. what i was trying to do was make sure there was food on the table, got water, got heating. just happy to be in work. earl martin from manchester. like so many people, unaware events thousands of miles away would still matter now. lehman brothers, america's fourth largest investment bank, goes bankrupt. this is a once—in—a—century type of event. looking back now with his son. have you noticed any big changes in the last ten years? um, yeah. financially, loads. economically, loads. the recession. massive slump. we are slowly, slowly, slowly, people say, getting out of it. i'm onlyjust getting to the
collapse of lehman brothers bank — a key moment in the global financial crisis. in the period that followed, share prices plunged, the banking system teetered and millions of people lost theirjobs. the impact is still felt today. research carried out for the bbc has shown that real annual wages are, on average, £800 a year lower than they were a decade ago. our economics editor, kamal ahmed, reports. it's called a financial crisis. you're totally oblivious to it when you're in it. what i...
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Sep 13, 2018
09/18
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years on from the collapse of lehman brothers, we hear from the class of 2008 to find out how the crisis changed the lives of young people at the time. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation. i get up at the same time as mark wahlberg, you should check out his daily regime. what does yours look like? isa is a success is that he is at a.m. in the morning. —— his success is that he is up at 2:30 a.m.. mr wahlberg was the highest paid hollywood star last year. tell us what you think, just use the hashtag #bbcthebriefing if you don't get out, you're on your own. that's the stark warning from the governor of south carolina as hurricane florence looms over america's east coast. more than a million people have been told to leave. shops have been emptied and roads heading inland are choked. this is the path florence is likely to take over the next couple of days. it's weakened slightly to a category 2 hurricane, but windspeeds are still ferocious. laura trevelyan is in north caro
years on from the collapse of lehman brothers, we hear from the class of 2008 to find out how the crisis changed the lives of young people at the time. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation. i get up at the same time as mark wahlberg, you should check out his daily regime. what does yours look like? isa is a success is that he is at a.m. in the morning. —— his success is that he is...
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Sep 13, 2018
09/18
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collapse of the lehman brothers, all part of the failing financial markets, and the impact it has had now is still being felt. ben is in the city of london looking at the effect it has had. you have a gorgeous skyline behind you. there are still problems among the banks and financial services. yes, and it is too easy to brush it off as yes, and it is too easy to brush it offasa yes, and it is too easy to brush it off as a global issue. essentially, what began in the us came right here and made itself felt right around the country. in jobs, and made itself felt right around the country. injobs, pay and mortgages. it had a huge impact. and it broke ten years ago this weekend. it was the collapse of lehman brothers that started the ball rolling. a lot of banks suffered. that had a huge impact on us, which we are still feeling today. justin are caught stewart, familiar face, good morning. —— erkhart. talk us through the weekend, where were you? it was remarkable. when the news came through i was in the bbc studio, doing wake up to money on bbc. we knew about the lehman brothers, it ha
collapse of the lehman brothers, all part of the failing financial markets, and the impact it has had now is still being felt. ben is in the city of london looking at the effect it has had. you have a gorgeous skyline behind you. there are still problems among the banks and financial services. yes, and it is too easy to brush it off as yes, and it is too easy to brush it offasa yes, and it is too easy to brush it off as a global issue. essentially, what began in the us came right here and made...
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Sep 24, 2018
09/18
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not quite lehman brothers. people are worried about it and they are worried because since the financial crisis china has over—relied on investment stimulus, in effect, building infrastructure and so on, for its continued growth. if it is not going to do that any more — and we're getting to the outer edges of what can be done — what will take over? and that is what he was talking about. he said we will not do another big fiscal stimulus, we will not do competitive devaluation, we are doing tax cuts, very reasonable set of pressures that he was putting forward to mitigate the effects of the trade war, but also as an ongoing set of reforms. what he also made promises on, which i think were perhaps less, received with less credulity, was the idea china would continue to open its economy and trade on level terms with international partners. that is the element of donald trump's complaint that is widely shared, eu firms, other companies constantly complain... james dyson in the uk used to complain about trade and you effectively have your ip taken. ip was also referenced in hi
not quite lehman brothers. people are worried about it and they are worried because since the financial crisis china has over—relied on investment stimulus, in effect, building infrastructure and so on, for its continued growth. if it is not going to do that any more — and we're getting to the outer edges of what can be done — what will take over? and that is what he was talking about. he said we will not do another big fiscal stimulus, we will not do competitive devaluation, we are...
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Sep 12, 2018
09/18
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market is sent into a panic after the collapse of the investment bank lehman brothers. these images of staff leaving with boxes are a reminder of the day confidence in wall street turns to crisis. main street america was hit hard. across the country, millions lost their homes and unemployment skyrocketed and here in the country's smallest state, rhode island, some of the biggest impact was felt with more than one in ten people left out of work. so, what has changed a decade on? at the height of the recession, we met holly heymann, a mother of five, who had lost her business, her home and her marriage. it's not easy as a mom to not know if you are going to be able to feed your kids. coming home and hearing them say, "i'm hungry." today, she has a good job and is renting a home. i don't live in fear any more. holly has bounced back through her hard work, but she's still angry the banks were bailed out by the government while she struggled on her own. the government didn't step in and say, hey, we see that you need some help with your mortgage, here's some help. no, it went to the corp
market is sent into a panic after the collapse of the investment bank lehman brothers. these images of staff leaving with boxes are a reminder of the day confidence in wall street turns to crisis. main street america was hit hard. across the country, millions lost their homes and unemployment skyrocketed and here in the country's smallest state, rhode island, some of the biggest impact was felt with more than one in ten people left out of work. so, what has changed a decade on? at the height...
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Sep 11, 2018
09/18
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the war on terror making it safer? also on the programme: it's ten years since lehman brothers collapsed — we'll look at whether enough has been done to prevent another crash. the ipad goes in the bin. tv presenter kirstie allsopp takes drastic action to stop the kids breaking her house rules, and then is forced off twitter by the abuse that followed. injune, i smashed my kids' ipads. not in a violent way. with a hammer? no, i banged them on the table leg. i'm katty kay in washington and christian fraser is in london. the days before a hurricane hits are always slightly surreal, and so it is with this one. on the beaches of the carolinas, the sun is shining, and the weather is calm. but a few hundred miles off the us east coast, hurricane florence is gaining strength. and she could be devastating. so ignore today's balmy images and focus instead on the fact that four us governors have issued states of emergency, a million and half people have been ordered to evacuate today and grocery shops have been stripped bare. a short while ago we spoke to stav danaos from the bbc‘s weather team
the war on terror making it safer? also on the programme: it's ten years since lehman brothers collapsed — we'll look at whether enough has been done to prevent another crash. the ipad goes in the bin. tv presenter kirstie allsopp takes drastic action to stop the kids breaking her house rules, and then is forced off twitter by the abuse that followed. injune, i smashed my kids' ipads. not in a violent way. with a hammer? no, i banged them on the table leg. i'm katty kay in washington and...
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Sep 13, 2018
09/18
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tested by discounts at its rivals. and coming up, former employees of lehman brothers reflect ten yea rs employees of lehman brothers reflect ten years on from the financial crash. the two men named as suspects in the poisoning of sergei skripal and his daughter have said they were just visiting the town as tourists. the men named as alexander petrov and ruslan boshirov told the state—owned television channel rte that they sought cathedral before returning to london by train. you look like the people shown that was ina look like the people shown that was in a pitcher in the uk. who are you? translation: we are those who were shown to you in the pictures, ruslan boshirov and tap—in one. shown to you in the pictures, ruslan boshirov and tap-in one. are those your real name is? yes, they are our real names. to tell the truth, you look very nervous. what would you look very nervous. what would you look like? when your look very nervous. what would you look like ? when your life look very nervous. what would you look like? when your life is turned upside down in a moment, injust on
tested by discounts at its rivals. and coming up, former employees of lehman brothers reflect ten yea rs employees of lehman brothers reflect ten years on from the financial crash. the two men named as suspects in the poisoning of sergei skripal and his daughter have said they were just visiting the town as tourists. the men named as alexander petrov and ruslan boshirov told the state—owned television channel rte that they sought cathedral before returning to london by train. you look like...
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Sep 12, 2018
09/18
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since the collapse of lehman brothers bank — a key moment in the unfolding of the global financial crisis. in the period that followed, share prices plunged, the banking system teetered and millions lost theirjobs. the impact can be seen even today — research carried out for the bbc has shown that real annual wages are £800 lower than they were a decade ago. our economics editor kamal ahmed reports. it‘s called a financial crisis. you‘re totally oblivious to it when you‘re in it. what i was trying to do was make sure there was food on the table, you've got water, you've got heating. just happy to be in work. earl martin from manchester. like so many people, unaware events thousands of miles away would still matter now. lehman brothers, america's fourth largest investment bank, goes bankrupt. this is a once—in—a—century type event. looking back now with his son. have you noticed any big changes in the last ten years? um, yeah. financially, loads. economically, loads. the recession. massive slump. we are slowly, slowly, slowly, people say, getting out of it. i'm onlyju
since the collapse of lehman brothers bank — a key moment in the unfolding of the global financial crisis. in the period that followed, share prices plunged, the banking system teetered and millions lost theirjobs. the impact can be seen even today — research carried out for the bbc has shown that real annual wages are £800 lower than they were a decade ago. our economics editor kamal ahmed reports. it‘s called a financial crisis. you‘re totally oblivious to it when you‘re in it....
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Sep 13, 2018
09/18
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pse is sent into a panic after the collapse of the investment bank lehman brothers. these images of staff leaving with boxes are on the —— a reminder that confidence on wall street turned to crisis. main street america was hit hard. across the country, millions of people lost their homes and unemployment skyrocketed. here in rhode island, some of the biggest impact was felt, with more than one in ten people left out of work. so what has changed, a decade on? at the height of the recession, we are wholly, a mother of five who lost her business, home and her marriage. mother of five who lost her business, home and her marriagem is not easy as a mum to not know if you are going to be able to feed your kids. coming home and hearing them say i am hungry. today she has a good job and is renting a home.” don't live in fear any more. she has bounced back through hard work but is still angry that banks were bailed out by the government while she struggled on her own. the government didn't step in and say we see that you need some help with your mortgage, here is some help. knows. it we
pse is sent into a panic after the collapse of the investment bank lehman brothers. these images of staff leaving with boxes are on the —— a reminder that confidence on wall street turned to crisis. main street america was hit hard. across the country, millions of people lost their homes and unemployment skyrocketed. here in rhode island, some of the biggest impact was felt, with more than one in ten people left out of work. so what has changed, a decade on? at the height of the recession,...
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Sep 15, 2018
09/18
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spray and a stick. daniel sandford, bbc news, at the old bailey. on september 15th 2008, lehman brothers filed for bankruptcy — a move which marked the beginning of the global financial crisis. the seeds of the problems had been planted in the years before, including the selling of subprime mortgages in the united states — when too many people were given mortgages they couldn't afford to repay. our north america correspondent correspondent nick bryant has been to one of the areas affected, in southwest florida. fort myers in florida was once the home of the american dream. but in 2008, it was dubbed the ground zero of the great recession. affluent, dream suburbs where more than 40% of properties were repossessed. everything in this area was totally in foreclosure. estate agent machoseph witnessed the mystery of the crash, saw the tears of people who not only lost their homes, but also their faith in the economic promise of america. that whole dream of working hard and actually reaping the benefits of working hard, i think, for me, the american dream was that. that wasn't rea
spray and a stick. daniel sandford, bbc news, at the old bailey. on september 15th 2008, lehman brothers filed for bankruptcy — a move which marked the beginning of the global financial crisis. the seeds of the problems had been planted in the years before, including the selling of subprime mortgages in the united states — when too many people were given mortgages they couldn't afford to repay. our north america correspondent correspondent nick bryant has been to one of the areas affected,...
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Sep 12, 2018
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10th anniversary of the defining moment of the global financial crisis 7 the collapse of lehman brothers bank. it was the largest bankruptcy in history and sparked a chain of events that led to the worst crisis since the great depression. banks collapsed, markets plunged and millions of people across the globe lost theirjobs. the impact is still felt today. research for the bbc by the institute for fiscal studies shows that on average, people's real annual are £800 a year lower than they were a decade ago. one of the hardest hit regions in the uk is the east midlands. colleta smith has been to newark to hear one family 5 story. life for mark and claire has changed over the last decade. we struggle from payday to payday. we're only sort of like one payday from going under. she works for a small business. holidays? yes, thank goodness for visa cards, otherwise we wouldn't have a holiday. he used to be a self—employed sports coach, but the work ran dry. i tried to live the dream of being my own boss. it was nice, but it got to a stage where, can we afford the mortgage? so he ret
10th anniversary of the defining moment of the global financial crisis 7 the collapse of lehman brothers bank. it was the largest bankruptcy in history and sparked a chain of events that led to the worst crisis since the great depression. banks collapsed, markets plunged and millions of people across the globe lost theirjobs. the impact is still felt today. research for the bbc by the institute for fiscal studies shows that on average, people's real annual are £800 a year lower than they were...
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Sep 12, 2018
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after the collapse of the lehman brothers and the start of the financial crisis. since then, despite the terrible worldwide global downturn that followed and led to a decade of austerity, as the conservatives put it, their attempt to rebuild the economy. he says that despite that, the causes of the natural crash hadn't yet been addressed and failed, international government's have failed to remedy the causes of that. big problems still remain unsolved. not only that, but the solutions to the global crisis last time around, which stopped it from being worse than it ended up. reducing interest rates, financial ministries being led to cut taxes and increase public spending, and in the case of a decade ago, china acted as a creditor, an economic stimulus. none of those are likely to be possible in the same way. not only have the initial problems that created the downturn, the financial crisis, still existing, but the solutions of two that are no longer there. bryan penned this picture in this interview with larry elliott, ofa this interview with larry elliott, of a global situat
after the collapse of the lehman brothers and the start of the financial crisis. since then, despite the terrible worldwide global downturn that followed and led to a decade of austerity, as the conservatives put it, their attempt to rebuild the economy. he says that despite that, the causes of the natural crash hadn't yet been addressed and failed, international government's have failed to remedy the causes of that. big problems still remain unsolved. not only that, but the solutions to the...
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Sep 12, 2018
09/18
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lehman brothers. the ifs says people now aged in their thirties have been worst affected by the resulting recession, which was the deepest to hit the uk since world war two. the bank of engand governor mark carney said the uk's debt level still caused some concerns. british households have worked hard and paid off a lot of debt. that has been hard for them. they have put the system and themselves in a better position. but the level of debt is still reasonably high after that, there are pockets with quite significant debt. so what we get concerned about is those areas taking ona concerned about is those areas taking on a lot more debt. a group of mps is criticising the government for the failure of the east coast rail franchise. the transport select committee says operators virgin and stagecoach were over—optimistic in their bid, and the government failed to stress—test the proposal. the line was brought back into public ownership in june after failing to hit revenue targets. the department for transport said it was introducing new measures to deter over—bidding in future.
lehman brothers. the ifs says people now aged in their thirties have been worst affected by the resulting recession, which was the deepest to hit the uk since world war two. the bank of engand governor mark carney said the uk's debt level still caused some concerns. british households have worked hard and paid off a lot of debt. that has been hard for them. they have put the system and themselves in a better position. but the level of debt is still reasonably high after that, there are pockets...
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Sep 13, 2018
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marks a decade since the failure of the us banking giant lehman brothers. the collapse became one of the most infamous and significant moments of the financial crisis, leading to worldwide market chaos and leaving thousands of bankers suddenly out of work. at its european headquarters in canary wharf in london, a,500 people left theirjobs, many carrying cardboard boxes full of their belongings. emma simpson reports. it was the largest bankruptcy in us history. the moment when the credit crunch spiralled into a full—blown financial crisis. workers cleared their desks, too, watched by the world's media — including me. emma, what have you been able to glean for us? well, the mood tonight here is grim, huw, as you would expect. thousands of workers leaving the office tonight, wondering if they're going to have jobs to return to. ten years on, so, what did happen to all those workers? some were just new recruits, starting their careers in the city. like anil stocker, joining lehman brothers straight out of university. so, this bag was given to all the new recruits when we joined. as a
marks a decade since the failure of the us banking giant lehman brothers. the collapse became one of the most infamous and significant moments of the financial crisis, leading to worldwide market chaos and leaving thousands of bankers suddenly out of work. at its european headquarters in canary wharf in london, a,500 people left theirjobs, many carrying cardboard boxes full of their belongings. emma simpson reports. it was the largest bankruptcy in us history. the moment when the credit crunch...
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Sep 12, 2018
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financial crisis was sparked with the collapse of the american bank lehman brothers. the economic impact on the uk was the deepest to hit the uk since world war two, with those in their thirties affected the most. we can cross over to our business presenter maryam moshiri now, who‘s in newark, looking at how it‘s had to change since the financial crash. i have done a spot of shopping in the market. the historic royal market has been around since the 12th century but it is the last ten yea rs 12th century but it is the last ten years that has really seen times becoming very tough indeed. i have been told the number of market stalls in this market since the financial crisis began have more than halved. the number of traders has cut down by a third. i am joined bya has cut down by a third. i am joined by a business managerfor economic growth at the council. and also roger, who runs a business. i wanted to ask you about what you do at the department. your in the business of helping new businesses grow in the area. how did you come about? at the council, we work on many areas to achieve i
financial crisis was sparked with the collapse of the american bank lehman brothers. the economic impact on the uk was the deepest to hit the uk since world war two, with those in their thirties affected the most. we can cross over to our business presenter maryam moshiri now, who‘s in newark, looking at how it‘s had to change since the financial crash. i have done a spot of shopping in the market. the historic royal market has been around since the 12th century but it is the last ten yea...
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Sep 12, 2018
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anniversary of the defining moment of the global financial crisis — the collapse of lehman brothers bank. it was the largest bankruptcy in history and sparked a chain of events that led to the worst crisis since the great depression. banks collapsed, markets plunged and millions of people across the globe lost theirjobs. the impact is still felt today. research for the bbc by the institute for fiscal studies shows that on average people's real annual wages are £800 lower than they were a decade ago. our business presenter, maryam moshiri, has spent the day in newark in the east midlands — one of the hardest hit regions in the uk. newark is a typical market town. the market is closed for the data it has been here since the 12th century. it has been thriving because it is on the river trent and it enjoys strong railand the river trent and it enjoys strong rail and road connections will do over the last ten years since the financial crisis hit the economy of the country dry places like newark have had to face tough times. markets like this have seen the number of traders and stools falli
anniversary of the defining moment of the global financial crisis — the collapse of lehman brothers bank. it was the largest bankruptcy in history and sparked a chain of events that led to the worst crisis since the great depression. banks collapsed, markets plunged and millions of people across the globe lost theirjobs. the impact is still felt today. research for the bbc by the institute for fiscal studies shows that on average people's real annual wages are £800 lower than they were a...
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Sep 14, 2018
09/18
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collapse of lehman brothers bank in new york that unleashed the global financial crisis. spain was particularly badly hit — a building boom funded by reckless borrowing rapidly gave way to a bust that cut growth and costjobs. 0ur europe correspondent kevin connolly went back to madrid to look for signs of recovery. not far from bustling madrid, a ghostly spanish road to nowhere. a stretch of highway left unfinished at a time when businesses were losing their money and bankers were losing their nerve. there are ghost towns of empty houses, too, nearby, but in some of these, signs of change. in once deserted val da luz, the mayor says public money spent in once deserted valdeluz, the mayor says public money spent on schools and sports facilities is bringing people in. it was empty. valdeluz, six years ago, was a ghost city. but now it is a star city. we changed the perception of the outside people. but spain's recovery is patchy. this community group in madrid campaigns against banks that repossess homes when families can't pay their mortgages. they say the poor are being punished
collapse of lehman brothers bank in new york that unleashed the global financial crisis. spain was particularly badly hit — a building boom funded by reckless borrowing rapidly gave way to a bust that cut growth and costjobs. 0ur europe correspondent kevin connolly went back to madrid to look for signs of recovery. not far from bustling madrid, a ghostly spanish road to nowhere. a stretch of highway left unfinished at a time when businesses were losing their money and bankers were losing...
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Sep 12, 2018
09/18
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sparked 10 years ago this week with the collapse of the american bank lehman brothers. the ifs says people now aged in their thirties have been worst affected by the resulting recession, which was the deepest to hit the uk since world war two. the bank of engand governor mark carney said the uk's debt level still caused some concerns. british households have worked hard and paid off a lot of debt in the la st and paid off a lot of debt in the last decade. that has been tough. they have put themselves and the syste m they have put themselves and the system in a better position. the level of debt is still relatively high after that and there are pockets where there is quite significant debt and so what we get concerned about is those areas taking on what more do. —— a lot more depth. —— a lot more debt. britain's lucrative food export industry would be badly hit by a no—deal brexit, the national audit office has warned. food consignments and livestock could be delayed at uk borders if more vets aren't recruited to process them. however, the department for environment, food a
sparked 10 years ago this week with the collapse of the american bank lehman brothers. the ifs says people now aged in their thirties have been worst affected by the resulting recession, which was the deepest to hit the uk since world war two. the bank of engand governor mark carney said the uk's debt level still caused some concerns. british households have worked hard and paid off a lot of debt in the la st and paid off a lot of debt in the last decade. that has been tough. they have put...
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Sep 14, 2018
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world. plus — ten years on from the collapse of lehman brothers — how the rise of china saved asia from the worst of the crisis.
world. plus — ten years on from the collapse of lehman brothers — how the rise of china saved asia from the worst of the crisis.
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Sep 14, 2018
09/18
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anniversary of the collapse of lehman brothers bank in new york, which unleashed the global financial crisis. spain was particularly badly hit — a building boom funded by reckless borrowing rapidly gave way to a bust that cut growth and costjobs. 0ur europe correspondent kevin connolly went back to madrid to look for signs of recovery. not far from bustling madrid, a ghostly spanish road to nowhere. a stretch of highway left unfinished at a time when businesses were losing their money and bankers were losing their nerve. there are ghost towns of empty houses, too, nearby, but in some of these, signs of change. in once deserted valdeluz, the mayor says public money spent on schools and sports facilities is bringing people in. valdeluz was empty. valdeluz, six years ago, was a ghost city. but now it is a star city. we changed the perception of the outside people. but spain‘s recovery is patchy. this community group in madrid campaigns against banks that repossess homes when families can‘t pay their mortgages. they say the poor are being punished for mistakes made by bankers and politicia
anniversary of the collapse of lehman brothers bank in new york, which unleashed the global financial crisis. spain was particularly badly hit — a building boom funded by reckless borrowing rapidly gave way to a bust that cut growth and costjobs. 0ur europe correspondent kevin connolly went back to madrid to look for signs of recovery. not far from bustling madrid, a ghostly spanish road to nowhere. a stretch of highway left unfinished at a time when businesses were losing their money and...