RegulationJul 28 2014

Timeline: Banks behaving badly

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by

14 September 2007 Northern Rock seeks a loan from the Bank of England

17 February 2008 Northern Rock nationalised

14 March 2008 Bear Sterns bought by JP Morgan

7 September 2008 Fannie Mae and Freddie Mac bailed out by US government

15 September 2008 Lehman Brothers files for bankruptcy

17 September 2008 HBoS rescued by Lloyds TSB

7-8 October 2008 Iceland’s three biggest commercial banks collapse

13 October 2008 UK government bails out RBS, Lloyds TSB and HBoS

27 June 2012 Barclays fined £59.5m for fixing Libor

29 June 2012 FCA orders RBS, Lloyds, HSBC and Barclays to compensate customers for failures in the sale of interest rate hedging products

11 December 2012 HSBC agrees to pay $1.9bn to US regulators over money-laundering failures