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2008 results released

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September 2007

The week Wall Street went into meltdown

In the week of August 13 participants in the financial markets – credit traders, equity investors, heads of repo desks, hedge fund managers, risk controllers, originators and capital markets bankers, credit strategists, treasurers, chief financial officers – began to lose faith in the financial system itself. But why? What happened in this momentous week and how did it affect the financial global markets? Peter Lee was pounding the sidewalks of New York, sharing the bemusement of Wall Street.




Gain an insight into what happened the week Wall Street went into meltdown. In this one-off first rate article Peter Lee relays his first hand experience of one of the most significant weeks in Wall Street's history.

This exclusive article delivers a comprehensive day by day account of a truly eventful week in Wall Street's recent years. Containing top data and analysis and compelling editorial this report is a must read for anyone involved in the global financial markets.

Special focus: Sub-prime and leveraged loans


 
Prelude – Fin de siècle

It all felt a little like the end of an empire – while Bear Stearns nearly went up in flames, Spector and his CEO Jimmy Cayne had fiddled with cards at a pre-arranged week-long bridge tournament. It was soon to become clear that much more than one of Wall Street's most prestigious institutions was in danger of...


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