Summary
THE proposed break-up of C&G owner Lloyds Banking Group follows years of financial turmoil. Here is a timeline of some of the key events: Late July/early August 2007: The credit crunch starts in earnest as banks stop lending to each other due to market fears over exposure to potential losses on high-risk US mortgages.
September 2007: A dramatic run on Northern Rock sees customers queuing outside branches to withdraw their savings.See the full content of this document
Extract
Banking Crisis Timeline
December 10, 2007: Lloyds TSB says the credit crunch has cost it Pounds 200 million so far as fall-out from the turmoil co...
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