UK banks pin Brexit hopes on financial crisis bailout negotiator
London
IN early October 2008, then business minister Shriti Vadera called a secret meeting of bankers and government officials on the top floor of Standard Chartered's City of London headquarters to address Britain's biggest peacetime crisis.
The collapse of Lehman Brothers two weeks earlier - the biggest bankruptcy in history - had caused UK credit markets to seize up and pushed some of Britain's biggest high street lenders, including Royal Bank of Scotland (RBS) and HBOS, to the brink of implosion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover