By Ivan Fallon
Longlisted for the FT and McKinsey enterprise ebook of the 12 months Award 2015
In September 2008, HBOS, with resources greater than Britain’s GDP, was once at the fringe of financial disaster. Its cave in could have created the largest fiscal situation because the Nineteen Thirties and an important political catastrophe for the Labour executive. With the assistance and help of Gordon Brown, HBOS was once rescued by means of Lloyds TSB, one of many country’s most powerful banks, in situations that experience on the grounds that turn into the stuff of urban legend.
In the hugely acclaimed Black Horse experience, veteran monetary journalist Ivan Fallon brings jointly the money owed of the entire strength gamers considering this dramatic saga for the 1st time, together with the most important roles performed by means of the Governor of the financial institution of britain, the best Minister and the Treasury.
Through a compelling solid of fashionable bankers, politicians and traders, Fallon unearths what fairly happened within the aftermath of the crash of Lehman Brothers, probably the worst unmarried day in banking history.
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Extra 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