Financial Giants Fall Victim to Mortgage Crisis

Date September 28, 2008

Weighed down by losses in the U.S. mortgage crisis, the stability of major financial institutions continues to be on shaky ground.
On Monday, U.S. investment bank Lehman Brothers Holding Inc. filed for bankruptcy and, on the same day, Bank of America announced that it would be buying struggling Merrill Lynch.
On Tuesday night, the U.S. government’s $85 [...]