Review of 2008 - Part Two

April On April Fool's Day, US Federal Reserve chairman Ben Bernanke says an impending recession is no joke, but Goldman Sachs says the end of the credit crunch is nigh. London starts to feel the brunt of the turmoil as fears up to 20,000 jobs could be lost surface, while RBS and HBOS announce the first of several rights issues by struggling financial companies. In the IFA market, the FSA's RDR interim report announces plans to split 'sales' and 'advice', while advisers countrywide begin to feel the wrath of the credit crunch. A Bank of England plan to revive the mortgage market is cri...