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The Collapse of Northern Rock

Panicked run on bank signals the start of the financial crisis in the UK. Customers queued up to take their money out of Northern Rock - despite support from the Bank of England.

Customers queued for hours to take their savings out, fearing the mortgage lender was about to go under. The Bank of England had to step in to support it. It was the first sign in Britain of the coming global financial crisis.

Photo: Northern Rock customers queuing outside the Kingston branch, in order to take their money out on September 17th 2007. Credit: Peter Macdiarmid/Getty Images

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9 minutes

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Tue 12 Sep 2017 07:50GMT
91热爆 World Service except News Internet

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  • Tue 12 Sep 2017 07:50GMT
    91热爆 World Service except News Internet

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