Live revision! Join us for our free exam revision livestreams Watch now

In the News

10 Years of Change in British Banking

Geoff Riley

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

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.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.