On 14 September 2007, the UK witnessed its first 'bank-run' in 150 years after Northern Rock announced it had received support from the Bank of England due to a lack of liquidity.
Many will remember the queues in the street as customers attempted to retrieve deposits, while the bank's shares plunged 32% on 14 September 2007. Global watchdog warns next financial crash could come 'with a vengeance' Ten years on, Professional Adviser's sister title Investment Week took a look at the impact the Global Financial Crisis (GFC) continues to have on bond funds in the UK, using stats from Thomson Reuters Lipper. By the end of 2007, bond funds in Europe and the UK (pan-Europe) suffered the highest net outflows of any asset class at €66.9bn. By the end of 2008, ...
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