By Ivan Fallon
Longlisted for the FT and McKinsey enterprise e-book of the yr Award 2015
In September 2008, HBOS, with resources higher than Britain’s GDP, used to be at the fringe of financial ruin. Its cave in may have created the largest monetary drawback because the Thirties and an incredible political catastrophe for the Labour executive. With the assistance and help of Gordon Brown, HBOS used to be rescued by way of Lloyds TSB, one of many country’s most powerful banks, in situations that experience considering that turn into the stuff of urban legend.
In the hugely acclaimed Black Horse trip, veteran monetary journalist Ivan Fallon brings jointly the money owed of all of the strength gamers all for this dramatic saga for the 1st time, together with the main roles performed by means of the Governor of the financial institution of britain, the leading Minister and the Treasury.
Through a compelling solid of sought after bankers, politicians and traders, Fallon unearths what relatively happened within the aftermath of the crash of Lehman Brothers, probably the worst unmarried day in banking history.
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Longlisted for the toes and McKinsey company publication of the yr Award 2015In September 2008, HBOS, with resources higher than Britain’s GDP, used to be at the fringe of financial disaster. Its cave in could have created the most important fiscal obstacle because the Thirties and a huge political catastrophe for the Labour govt. With the assistance and aid of Gordon Brown, HBOS was once rescued through Lloyds TSB, one of many country’s most powerful banks, in situations that experience in view that develop into the stuff of urban legend.
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Additional info for Black Horse Ride: The Inside Story of Lloyds and the Banking Crisis
Black Horse Ride: The Inside Story of Lloyds and the Banking Crisis by Ivan Fallon