Finance / United States
All in all, it's been a pretty quiet few days.
September 2008 | Closing BellThe seemingly unending financial crisis has produced one of the most remarkable weeks in recent history. The same financial turbulence that has taken a heavy tole on M&A volume and the IPO markets this year has now cut a swathe through the financial services industry that lies at the heart of the storm. From Bear Stearns to the bankruptcy of Lehman Brothers, and from Bank of America's US$50bn acquisition of Merrill Lynch to the US$85bn bailout of AIG, we are witnessing an incredible re-distribution of assets throughout the sector.
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