On Sept 15, 2008, one of the biggest shocks to the global and financial system occurred when Lehman Brothers filed for Chapter 11 bankruptcy protection, the largest bankruptcy filing in US corporate history.

Driven by fresh-to-market works, Sotheby’s Impressionist, Modern & Surrealist art evening sale in London on Tuesday made a combined total of £121,075,400.

The consequences of a eurozone break-up would be immense, but Ireland’s decision to remain on a potentially sinking ship could cost the country dearly in the long run, reports Kyran FitzGerald

As the eurozone crisis edges closer to another 2008-style meltdown, the situation calls for the intervention of the banking big-boys with the money to assure markets and hopefully get credit flowing once more, reports Kyran FitzGerald

IT’S been a year now since our economic sovereignty went west.

PITY poor Gay Mitchell. At the weekend, his campaign to be elected President received a serious blow. He was effectively endorsed by Bertie Ahern.

GREATEST misnomer of the election was of any outright winner.

PERHAPS one of the most perplexing issues of this election is the continued influence of Fianna Fáil in its progress and probably on its outcome.

IT sounds a bit provocative, to say the least, to hear Brian Lenihan tell us the economy won’t be fixed by driving trucks into the gates of Leinster House.

THE sight of a handshake would have been hard enough to stomach, but the picture of beaming former Taoiseach Bertie Ahern being embraced in a bear-hug by NAMA resident property developer Johnny Ronan last Tuesday, at the opening of the Dublin Convention Centre, was nauseating.

Dublin: AIB and Bank of Ireland warned the Government that the price banks could have to pay to use the state’s guarantee may be so big it would run the risk of “destabilising the entire bank system”.

Lehman Brothers has accused Barclays Capital of taking $8.2bn more than it should have when it bought key assets of the failed investment bank a year ago.

Irish shares are down 4.5% this morning after the collapse of major US bank Lehman Brothers.

LONG before a ball was hit at the Ryder Cup, concern was raised that the event would be remembered by visitors less for the hundred thousand welcomes they received than for the hundreds of thousands of euro juiced from their wallets.