The central bank lent Lehman up to $18bn (£11.2bn) as part of a formerly undisclosed lending programme that specialised in month-long loans to banks and other financial institutions. The disclosure of which banks tapped the programme, known as the single-tranche open-market operations, follows a request made by Bloomberg News under the Freedom of Information Act. Lehman, whose bankruptcy triggered a deepening of the financial crisis in the autumn of 2008, borrowed $10bn from the programme in June of that year. The disclosures are the latest by the Fed, which has drawn criticism for not being more transparent since ... (full story)