Titans of American capitalism are falling. Wall Street developments on Sunday 14 September:
- Merrill Lynch - sold to Bank of America
- Lehman Bros - filed for bankruptcy
- American International Group (AIG) - seeks $40 billion from Federal Reserve
- Washington Mutual - believed to be at risk
So far in Asia Monday, Singapore and Australian markets are down just over 2.2%. Despite the lifting of a state of emergency in Bangkok on Sunday, stocks have fallen in Bangkok. Markets in Tokyo and China are closed due to holidays.