Lehman Brothers The slideshow charts 72 hours of high drama that could lead to one of the most radical reshaping in Wall Street history, capped by Lehman Brothers’ filing for bankruptcy and Merrill Lynch’s agreement to a $50bn takeover by Bank of America.
Weekend drama in pictures
September 13, 2008
Merill Lynch chief executive John Thain leaves the Federal Reserve Bank of New York during weekend talks among top Wall Street executives and US treasury secretary Hank Paulson on the possible sale of Lehman Brothers. Mr Thain approached several rivals at the meeting, asking them whether they would be interested in bidding for Merrill Lynch
September 13, 2008
Citigroup chief executive Vikram Pandit leaves the weekend talks, which invited comparisons with the meeting called by the New York Fed in 1998 to address the crisis at Long Term Capital, the hedge fund
September 14, 2008
The headquarters of the Lehman Brothers on the Sixth Avenue in New York. The troubled investment bank moved closer to collapse as British bank Barclays pulled out of takeover talks
September 14, 2008
A tourist posts for a photo in front of the Lehman Brothers building
September 14, 2008
Robert Wolf, chairman of the Americas at UBS AG, arrives at the weekend talks, which saw Bank of America make a dramatic U-turn, abandoning a bid for Lehman and snatching Merrill Lynch for $50bn
September 14, 2008
Steve Black, co-chief executive officer of the investment bank of JPMorgan Chase, arrives at the weekend talks, where 10 of the world's biggest banks agreed to pool $70bn in a giant liquidity fund to support other vulnerable institutions
September 14, 2008
Mo Grimeh, a managing director who has worked at Lehman Brothers for 10 years, walks out of the building and speaks to journalists, as the bank said it would file bankruptcy
September 14, 2008
Employees walk out of the Lehman Brothers building carrying boxes of their belongings. A bankruptcy filing would cause thousands of job losses among Lehman's 25,000-strong staff
September 15, 2008
A Lehman Brothers employee receives a hug outside the London office of the US investment bank
September 15, 2008
A newspaper is sold near the offices of Lehman Brothers in Canary Wharf, London. The British operations of Lehman were placed in administration to protect them from creditors
September 15, 2008
Workers clear their desks at Lehman Brothers in Canary Wharf, London
September 15, 2008
A Lehman Brothers employee looks out a window of the bank's headquarters in New York
September 15, 2008
A trader watches a screen showing Lehman Brothers stock evolution in a financial office in Paris. The European central bank has pumped E30bn into roiling money markets in an effort to shore up confidence
