The wipeout weekend

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Friday

* Lehman shares dive 13.5% to $3.65, a fall of 80% on the week.
* Merrill Lynch shares tumble 12%, ending the week down 33%.
* Bank of America still in lead position to launch rescue with backing from JC Flowers and China Investment Co.
* Barclays starts to negotiate Lehman rescue deal with the US Treasury.
23.00: Federal Reserve Bank summons 30 Wall Street chiefs to tell them there is no Government money for a rescue.

Saturday

* Day-long talks continue between US Treasury officials, Bank of America and Barclays.
* Treasury Secretary Hank Paulson again rules out Government support for any rescue bid.
* Bank of America switches attention to Merrill Lynch after being approached by its chief executive, John Thain.

Sunday

17.00: Bank of America quits Lehman talks.
19.00: Wall Street opens for emergency trading session.
19.00: Barclays walks away from Lehman takeover
23.00: Merrill Lynch board meets at New York's St Regis hotel to agree $50 billion takeover from Bank of America

Today

2.00: American International Group seeks $40 billion bridging loan from the Federal Reserve
3.00: Ten banks agree $70 billion borrowing facility.
4.53: Standard & Poor's warns that it may downgrade AIG.
5.30: Lehman Brothers files for Chapter 11 bankruptcy protection
5.36: Bank of America announces Merrill Lynch takeover.