Australian (ASX) Stock Market Forum

On this day in?

1969 - 08 August

A police officer held up traffic while The Beatles walked across Abbey Road for the iconic album cover. Photograher Iain McMillan, standing on a step ladder in the middle of the road, was given 10 minutes and managed to snap six shots.
 
This Week in Market History​
On 15 September 2008, Lehman Brothers filed for bankruptcy, a key moment in the 2008 financial crisis, which triggered a global market meltdown and panic selling.​
 
1970

On 13 November, the Bhola Cyclone hit the densely populated Ganges Delta region in eastern Pakistan (now Bangladesh), with winds of up to 240km/hr.

Anywhere between 300,000 and 500,000 people are estimated to have died in little more than a night after the cyclone made landfall on 12 November.
 
1995

A financial whiz-kid whose losses on global markets toppled one of Britain's oldest merchant banks was jailed on 02 December, 1995.

While working at the Singapore office of Barings Bank, Nick Leeson, 28, made fraudulent, unauthorised and increasingly reckless trades. His high-risk strategy culminated in a $US1.3 billion ($2 billion) investment on bond derivatives that sent Barings broke.

The financial institution had been founded in 1762, and among its respected clients were the British royal family.
 
1967

Harold Holt thought a nice cooling swim would work wonders.

He was PM from 26 January 1966 to 19 December 1967, when he was officially pronounced dead after drowning ...
 
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