• Text size
  • Send this article to a friend
  • Print this article

Financial sense

A bank no-one wants to do business with is a dead bank. HBOS came perilously close to proving the truth of that maxim as the credit crunch wreaked havoc on its share value and led to early signs of a Northern Rock-style run on the bank by savers and depositors.

A bank no-one wants to do business with is a dead bank. HBOS came perilously close to proving the truth of that maxim as the credit crunch wreaked havoc on its share value and led to early signs of a Northern Rock-style run on the bank by savers and depositors.