share: digg facebook twitter Fears of another global recession on Thursday sent the stock market into its steepest dive since the 2008 financial crisis. What triggered so much anxiety across the financial markets Thursday? In Europe, worries mounted that Italy and Spain won't be able to pay their bills, the latest shudder in a debt crisis that has gripped the region. [...] it had the opposite effect on stocks and other investments, highlighting concerns about a worsening global economy. Bank of New York Mellon said it will charge a fee to pension funds and other large customers that want to hold cash deposits over $50 million. [...] be practical about protecting yourself from the worst-case scenario if you face big cash needs in the next few years for college, retirement or other pressing demands.