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, used to be at the fringe of financial disaster. Its cave in could have created the most important financial drawback because the Thirties and an immense political catastrophe for the Labour govt. With the assistance and aid of Gordon Brown, HBOS used to be rescued by means of Lloyds TSB, one of many country’s most powerful banks, in conditions that experience due to the fact that develop into the stuff of urban legend.
In the hugely acclaimed Black Horse journey, veteran monetary journalist Ivan Fallon brings jointly the bills of all of the strength gamers serious about this dramatic saga for the 1st time, together with the most important roles performed by way of the Governor of the financial institution of britain, the best Minister and the Treasury.
Through a compelling solid of sought after bankers, politicians and traders, Fallon finds what relatively happened within the aftermath of the crash of Lehman Brothers, might be the worst unmarried day in banking history.
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