In another unnerving day for Wall Street, investors suffered their worst losses since the Sept. 11 attacks, and government officials raced to prevent the financial crisis from spreading. ...more

September 16, 2008

Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection in the biggest bankruptcy court filing ever on Monday and said it was trying to sell off key business units. ...more

September 16, 2008

NEW YORK (AP) -- A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. ...more

September 15, 2008

In one of the most dramatic days in Wall Street's history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said. ...more

September 15, 2008

The field of possible buyers for Lehman Brothers narrowed Saturday, but the parties involved in the discussions over the wounded investment bank's future were at loggerheads over how to finance the rescue. ...more

September 14, 2008

When federal regulators start writing new rules for financial institutions next year, they should demand big changes in how bankers and traders are paid. ...more

September 13, 2008

The Wall Street firm that started the U.S. cotton trade before the Civil War and financed the railroads that built a nation might soon fade into history. ...more

September 13, 2008

Richard Fuld had a full-blown anxiety attack when he was named chief executive of Lehman Brothers in 1993, saying later that he stopped breathing for 45 seconds. ...more

September 13, 2008

Lehman Brothers has approached other major financial institutions about a potential acquisition or investment in the battered securities company, people close to the situation said Thursday. ...more

September 12, 2008

To see the mental state of financial markets at the moment you need only to sit at a computer with an Internet connection and watch investors respond to journalism. ...more

September 12, 2008