In the News
10 Years of Change in British Banking
18th September 2017
How has the UK banking landscape changed in the decade since the collapse of Northern Rock?
Commercial banks in the UK now have much higher capital buffers and are less reliant on wholesale borrowing to fund their activities. Loan to valuation ratios have declined but unsecured lending to consumers has soared raising fears of another financial crisis in the relatively near future.
More here from BBC Newsnight on the rise and fall of Northern Rock
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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