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:
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
Dates for rebranded Isle of Man Food and Drink Festival announced
'The Big Manx Feast' will return in September next year
Isle of Man launches fourth annual Innovation Challenge
Entries focused on health and social care
2025 Year of Stamps Marked through Isle of Man Year Collections
This is a paid for promotion on behalf of Isle of Man Post
