On 14 September 2007, the UK witnessed its first 'bank-run' in 150 years after Northern Rock announced it had received support from the Bank of England due to a lack of liquidity.
Many will remember the queues in the street as customers attempted to retrieve deposits, while the bank's shares plunged 32% on 14 September 2007. Global watchdog warns next financial crash could come...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months