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Lehman Brothers files for Chapter 11 protection
(Agencies)
Updated: 2008-09-15 22:33

Workers embrace outside the office of the U.S. investment bank Lehman Brothers in the Canary Wharf district of London on September 15, 2008. Global markets plummeted on Monday after investment bank Lehman Brothers filed for bankruptcy protection, rival Merrill Lynch agreed to be taken over and the Federal Reserve threw a life line to the battered financial industry. [Agencies]