Bank failure – 10 years ago today


Bank failure – 10 years ago today.

It was exactly ten years ago today on the 14th September 2007 that Northern Rock succumbed to the banking crisis. The Bank of England propped the lender up leading to the first run on a British bank in more than a century. We now know how this story panned out – not a good ending!

Here we are in 2017.  Are ‘things’ fixed ten years after the banking crisis? I would say not quite yet, with interest rates at historic lows and the economy still being propped with cheap money, it doesn’t look like ‘things’ are fixed to me.

More on this later…



No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

FTSE 100 companies going ex dividend this week

FTSE 100 companies going ex dividend this week on 28th September 2017… Worldpay Group PLC (WPG) Intertek Group PLC (ITRK) Smurfit Kappa Group PLC (SKG) Morrison (Wm) Supermarkets PLC Hargreaves Lansdown PLC  

Federal Reserve meeting update

Federal Reserve meeting update. The Federal Reserve on Wednesday (20/09/17) announced it will start reducing the size of its balance sheet. At something like $4.5 trillion it will now, after nine years finally start reducing the balance in October 2017 on a monthly basis. US interest rates were held at …

Dow Jones Industrial Average up again

Dow Jones Industrial Average up again I don’t know how many more times I will report on the rise of the Dow but it did it yet again yesterday (19/09/17). A new high was reached and at close the DJIA was: 22370 The outcome of the Federal Reserve’s policy meeting …