The Lehman Brothers collapse will affect the Isle of Man, but the markets haven’t panicked yet.
That’s the message after the 150 year old bank, the fourth biggest on Wall Street, announced it would file for bankruptcy protection.
Patrick Crookall of stock market brokers Ramsey Crookall says there could be fallout in the Island as stock markets wobble.
However, he says investors who can ride out the storm are still putting money into the world markets:
Isle of Man inflation holds steady at 2.8 percent in November
Food, hospitality and education costs continue to rise, while falls in energy prices help offset pressures
New Costa Coffee store opens on Peel Promenade
Based in the former Harbour Lights premises on Shore Road
Guinness strike won't affect Island's supply
Reassurance from Diageo ahead of Christmas
Tynwald backs amended motion to strengthen support for Manx produce
Supermarkets and government services expected to prioritise local food under Food Security Plan
