Shares in the City closed at their lowest level of 2014 on Monday night as fears that the plunging oil price will prompt economic collapse in energy-dependent Russia led to a global stock market sell-off.
The 10 largest percentage falls in the history of the FTSE 100
Global markets suffered sharp falls again as investor fears of an economic slowdown were reinforced by a poor set of US data.
Noted stock market bear Albert Edwards is back and as downbeat as ever.
Alistair Darling's phone rang.
September is a dangerous month.
Global markets have "jumped the gun" in betting that interest rates will go back to normal levels anytime soon, the outgoing Bank of England governor, Mervyn King, has said in reaction to the widespread sell-off following Federal Reserve comments last week.
The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers for the financial crisis.
Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.