The US government's decision to bail-out Citigroup, one of the world's biggest banks, was, most probably, based on two main factors: the bank's size and memories of Lehman Brothers' bankruptcy.

US politicians are looking for a compromise plan to aid the country's crisis-ridden car industry.

The remaining UK staff at the failed investment bank Lehman Brothers are to receive their annual bonuses despite the firm being in administration.

The number of people facing bankruptcy rose by 7% in the third quarter of the year, against the same period a year earlier

US electronics firm Circuit City files for bankruptcy protection, one week after saying it would close about 20% of its stores.

The number of Scots declared bankrupt is rising at record levels, the latest figures reveal.

The number of people and companies being declared insolvent in England and Wales has risen sharply, figures show.

The rescue deal for Alitalia must not breach European Union competition rules, the airliner's bankruptcy official warns.

The Icelandic-owned Sterling Airways says it will file for bankruptcy, leaving up to 700 passengers stranded at London's Gatwick airport.

Kazakh banks have started to feel the credit crunch, and consequently many building companies are struggling to raise funds and are facing bankruptcy.

Walt Disney becomes the latest company calling for an investigation into the dealings of Lehman Bros.

What to expect if you need expert advice with personal insolvency.

The EU has a new plan to sell off Poland's ailing shipyards, which risk bankruptcy because of state aid.

The number of people declaring themselves bankrupt in Scotland increases by 162% in the last year.

Iceland offers an unlimited guarantee for all savers and announces emergency legislation to shore up its banks.

Special fitting sessions will be held for brides-to-be after a bridal store goes bankrupt.

UK bank Barclays buys some of the core assets of collapsed investment bank Lehman Brothers for $1.75bn.

Stock markets are volatile throughout Tuesday after key US investment bank Lehman Brothers filed for bankruptcy protection.

Wall Street banking giant Lehman Brothers files for chapter 11 bankruptcy protection as the US Treasury races to shore up confidence in the financial system

Top US investment bank Lehman Brothers files for bankruptcy protection, sending shockwaves through financial markets.