Central Banks Struggle to Contain Lehman (LEH) Fallout
Sep 16th, 2008 | By Jason Simpkins | Category: Financial NewsThe liquidity crisis that began with the collapse of Bear Stearns and has led to the fall of Lehmen Brothers (NYSE:LEH) is spreading. This has prompted foreign central banks to bolster liquidity in domestic markets, reports Jason Simpkins. Even the Bank of China decided to cut its benchmark lending rate. It is its first rate cut in six years.