Liveblogging the financial crisis

Liveblogging the financial crisis Cross-title collaboration by Trinity Mirror's Birmingham, Coventry, North East and Liverpool titles

The Story

As the Credit Crunch flattened Wall St, the first indications of UK banks on the brink began to emerge

Shares plummeted after bank bossesmet Chancellor Alistair Darling to discuss fundraising

The move caused the markets to panic, and bank customers were asking: "What does it mean for me?"

The liveblog was an opportunity for them to air their concerns, and get authorititive answers

Our Aim: " The purpose of this blog is to provide live information on breaking news surrounding the banking crisis, as well as informed opinion from our team of experts across the country "

The Cast

The liveblog was a collaboration from business desks at:

And...

Anyone and everyone who wanted to get involved

Omniture stats, LDP Business (Day 1)

Comments, Questions, Answers

"Premium bonds are looking very attractive savings options these days. As is the biscuit tin under the bed!"

How long would a recession be likely to last?

Sion Barry Media Wales : Hi Simon: The problem we are facing today is that of the liquidity crisis seriously impacting on the corporate sector. If companies cannot find or afford growth finance, or banks are unprepared to refinance debt, then things are going to get pretty ugly and quickly. That will then hit disposal incomes and spending in the high street. Even IF a liquidity solution can be found quickly, I wouldn't expect any upturn until 2010.

Successes....