European stocks tumbled as the news of Lehman Brothers’ bankruptcy and problems at AIG, the US insurer, cast a shadow across Europe’s banks and insurers.
Banking stocks led the losers, with the sector as a whole down almost 12 per cent.
Europe slips in shadow of US gloom
By Rachel Morarjee and Shyamantha Asokan
Published: September 15 2008 11:01 | Last updated: September 15 2008 17:37
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