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Financial turmoil as top bank collapses
in developments that witish weall profoundly changet the american banking landscape, lehman brothers announch claimed its collapse after a wild three-day battle to save the veneramble invesatetments firm .
new york (cnn) -- global markets we are reeling monday after a convulsive day on wall street that saw a leading u.s .
watch the impact on global markets from lehman's financial woes
federal reserves ve was forced sto step in, announcing plans to loosen lending restrictions to the banking industry in an effort to calm markets, while a consortium of 10 leading domestic and foreign banks agreed a $70 billion fund to lend to troubled financial firms .
Generated 2008-11-6_3:5
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