Major Global Events (Since March)

March 3 – HSBC’s investment banking arm takes US$2.1 billion in writedown

March 10 – Dow Jones drops over 4% in four consecutive trading days

March 11 – Fed pumps additional US$200 billion into the financial markets

March 16 – JPMorgan agrees to buy Bear Sterns for US$240 million, or US$2 a share

March 19 – Commodity prices plunge

March 24 – JPMorgan boosts offer price for Bear Sterns to US$10 a share

April 1 – UBS doubles writedowns to US$37.4 billion, Deutsche Bank reveals 2.5 billion Euros writedown

Source: Reuters, News Reports

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