Called To Account: The UK Financial Services Sector

This piece by WARC Media Editor Laura James reviews the UK financial services market, citing key WARC papers along the way.
Called To Account

Called To Account: The UK Financial Services Sector

Laura James WARC Online

The last year was the most turbulent for the UK financial services industry in at least a decade. The collapse and subsequent nationalisation of Northern Rock, which once provided almost 20 per cent of UK domestic mortgages, was unprecedented among post-war British retail banks. In the so-called credit crunch, UK and US banks have become increasingly reluctant to lend to each other because of fears over bad debt, especially in relation to sub-prime mortgages for consumers with poor credit records. This has put at...

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