A secure bond

At the time of writing 5,000 people have been sent home from Lehman's at Canary Wharf, Merrill's has just been bought by the Bank of America, and perhaps most worrying AIG's financial rating has been downgraded by Moody's and Standard and Poors. It would appear that UK banks with the biggest exposure to Lehman and therefore potential default on loans are Standard Chartered $77 million and Lloyds $75 million (source Reuters). What you should remember is that this is not only the banks that invested in Lehman but bond funds as well. Those listed as creditors include Old Mutual's Dynamic B...