The domino effect

Corporates

September and October saw an unprecedented, and almost unthinkable, number of government and central bank interventions around the globe, in a last-ditch effort to shore up the balance sheets of financial institutions that have been decimated during the credit crisis. From the $700 billion government bail-out of US banks to the equivalent measures taken by European authorities, the actions are aimed at restoring confidence in financial institutions and getting banks to lend again: to each other