Lehman Brothers teeters on verge of collapse as Barclays pulls out

Lehman Brothers HQ in New YorkGlobal investment bank Lehman Brothers is teetering on the verge of collapse after Barclays pulled out of an 11th-hour rescue.The departure of Barclays left US Treasury Secretary Hank Paulson and Tim Geithner, the head of the Federal Reserve Bank of New York, spearheading desperate last-ditch attempts to put in place [...] continue reading the breaking news