A trader despairs as the market crashes on Black Monday in October 1987 - investors are placing bets on a similar crash in the UK stock market.Investors Are Betting On A Black Monday-Style Collapse, Bank Of England Warns -- The Telegraph
Investors are placing bets on a Black Monday-style crash in the British stock market at the fastest rate since the collapse of Lehman Brothers bank in 2008, the Bank of England has warned.
In a survey of markets, the Bank warned that widespread fear over the possible collapse of a sovereign debtor, including Greece and Portugal, had sparked a mass of bets on a 20 per cent fall in the FTSE 100.
The warning coincides with calculations from the Bank for International Settlements (BIS) showing that Britain has major exposure to the Irish and Spanish banking systems, which many fear could be at risk in the next round of the financial crisis.
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More News On The Financial Crisis
BOE’s Dale Says the Financial Crisis Has Entered ‘New Phase’ -- Bloomberg Businessweek
Spanish banks teeter on brink of collapse -- Scotsman
Spain sees credit squeeze, denies EU rescue bid -- Reuters
Debt crisis resembles 2007 subprime crisis: BIS -- Economic Times
Economy may never recover from banking crisis, warns OBR -- Times Online
Fed's Bullard: Euro Crisis Unlikely To Derail Global Recovery -- Market News
Moody’s Cuts Greece Debt to Junk, Rattling Wall St -- New York Times
Greece rejects Moody's 'junk' rating -- Yahoo Finance/AAP
Eurozone debt crisis 'shatters' confidence -- The Independent
Brazil Prepared For Deepening Of Euro Debt Crisis - Meirelles -- Wall Street Journal
George Soros: We Are Just Entering "Act 2" Of The Crisis, And We're Totally Screwed -- Business Insider
The Full Soros Speech on ‘Act II’ of the Crisis -- New York Times
How the Financial Crisis Has Undermined U.S. Power -- Time Magazine
Worries over banking stress tests fuel anxiety -- Financial Times
Bilderberg 2010: What we have learned -- The Guardian
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