Financial crisis: What a rollercoaster

As the financial crisis spread like wild fire around the world, Reuters reporters from Hong Kong to Sao Paulo reported the latest twists and turns. Reuters led with a series of scoops on the failed sale talks for Belgium-Dutch financial services group Fortis over the weekend, including a widely used close-up picture of a document carried by the new CEO on the bank’s dwindling options. Also Reuters was first with news on Sept. 22 of the multi-billion dollar investment by Japanese bank MUFG into Morgan Stanley, which was holding by a thread. A special Reuters package of analyses was issued on how short-selling bans around the world are affecting clients, from hedge fund managers to option market makers. Furthermore, a Reuters Sept 22nd analysis on the likely pricing mechanism for the U.S. bailout plan that was four days ahead of the Wall Street Journal and other publications.