dipity

Timeline of the global financial crisis

Created by Telegraphfinance on 26/09/2008

Last updated: 17/03/12 at 17:43

• George Osborne on bank regulation at Treasury Select Committee: live
  5 Jul 2011 13:34

  Chancellor addresses concerns about Bank of England accountability.
  http://telegraph.feedsportal.com/c/32726/f/568516/s/166f7130/l/0L0Stelegraph0O0Cfinance0Ceconomics0C861440A50CGeorge0EOsborne0Eon0Ebank0Eregulation0Eat0ETreasury0ESelect0ECommittee0Elive0Bhtml/story01.htm

• World Bank sees 'double-dip' recession for parts of Europe
  10 Jun 2010 15:00

  A double-dip recession is possible in several European countries if investors lose faith in efforts to control debt, the World Bank said on Thursday.
  http://www.telegraph.co.uk/finance/economics/7817995/World-Bank-sees-double-dip-recession-for-parts-of-Europe.html

• Service sector sales disappoint as recovery falters, says CBI
  1 Jun 2010 6:50

  The services sector failed to build on signs of a recovery seen earlier this year, with sales disappointing expectations during the past three months, research showed today.
  http://www.telegraph.co.uk/finance/economics/7792176/Service-sector-sales-disappoint-as-recovery-falters-says-CBI.html

• George Osborne urges G20 to take immediate action on deficits
  30 May 2010 10:31

  The Chancellor will this week warn his fellow finance ministers that they must act swiftly to fix their public finances.
  http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7783096/George-Osborne-urges-G20-to-take-immediate-action-on-deficits.html

• Greece is just the 'tip of the iceberg', Nouriel Roubini warns
  29 Apr 2010 0:46

  Economist Nouriel Roubini said Greece is just the tip of a sovereign debt crisis that could derail a global recovery.
  http://www.telegraph.co.uk/finance/economics/7648775/Greece-is-just-the-tip-of-the-iceberg-Nouriel-Roubini-warns.html

• Banking reform risks a rather ugly result
  1 Feb 2010 16:58

  Bank reform needs to done with coherance and co-operation or we might end up choking off the recovery, writes Jeremy Warner.
  http://www.telegraph.co.uk/finance/comment/jeremy-warner/7129152/Banking-reform-risks-a-rather-ugly-result.html

• A financial review of 2009 from A to Z
  29 Dec 2009 6:22

  A to Z of finance in 2009: It was a year of Latvian blondes, the Bank of England's magic wand and a great vampire squid.
  http://www.telegraph.co.uk/finance/businesslatestnews/6895788/A-financial-review-of-2009-from-A-to-Z.html

• The threat of rising interest rates is a Greek tragedy we must avoid
  21 Dec 2009 7:05

  Britain needn't look far to see the crisis in store if we allow our debts to mount, says George Osborne.
  http://www.telegraph.co.uk/finance/financetopics/recession/6855499/The-threat-of-rising-interest-rates-is-a-Greek-tragedy-we-must-avoid.html

• Lloyds Banking Group admits it will miss business lending target
  18 Dec 2009 21:19

  Lloyds Banking Group has admitted for the first time it will miss its lending target set by ministers as a condition of this year's taxpayer bail-out.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6841230/Lloyds-Banking-Group-admits-it-will-miss-business-lending-target.html

• Bank of America general counsel was 'not registered' to practise
  4 Nov 2009 21:13

  Beseiged Bank of America is in further hot water after it emerged the man Ken Lewis chose to act as the bank's general counsel in the month it completed its controversial acquisition of Merrill Lynch was not fully registered to practise law at the time in his home state.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6503752/Bank-of-America-general-counsel-was-not-registered-to-practise.html

• Only radical thinking can fix the banks
  31 Oct 2009 18:06

  Telegraph View: When it comes to breaking up RBS and Lloyds the devil will be in the detail
  http://www.telegraph.co.uk/comment/telegraph-view/6475378/Only-radical-thinking-can-fix-the-banks.html

• Policy must focus on a continuing positive rate of money growth
  15 Aug 2009 19:01

  
  http://www.telegraph.co.uk/finance/comment/6033961/Policy-must-focus-on-a-continuing-positive-rate-of-money-growth.html

• How the Bank came to get things so wrong about the crash
  10 Aug 2009 19:57

  The Bank's credibility and authority have been greatly undermined by the events of the past two years writes Jeremy Warner
  http://www.telegraph.co.uk/finance/comment/jeremy-warner/6006416/How-the-Bank-came-to-get-things-so-wrong-about-the-crash.html

• Aberdeen's funds under management fall £2.4bn
  27 Jul 2009 15:38

  Aberdeen Asset Management has suffered a further £2.4bn fall in the value of funds under management excluding the boost to its portfolio from its £360m purchase late last year of Credit Suisse Asset Management.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5918660/Aberdeens-funds-under-management-fall-2.4bn.html

• Critics says finance white paper proposals threaten economy
  8 Jul 2009 22:05

  City critics have claimed that the finance white paper poses a further threat to the economy by undermining Britain's competitive position and giving banks extra incentive to cut lending levels.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5780290/Critics-says-finance-white-paper-proposals-threaten-economy.html

• Tories pledge to abolish tripartite model of City regulation
  8 Jul 2009 21:50

  The Conservative party has vowed to dismantle the tripartite system of financial regulation shutting down the Financial Services Authority and handing back the power to oversee banks to the Bank of England.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5780154/Tories-pledge-to-abolish-tripartite-model-of-City-regulation.html

• FSA calls for single European financial regulator
  10 Jun 2009 0:14

  Lord Turner said national watchdogs would retain independence but be supervised.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5489862/FSA-calls-for-single-European-financial-regulator.html

• Apax writes down investment in Emap business to zero
  10 Jun 2009 0:13

  Private equity group Apax has written off its investment in Emap the business magazine publisher that it jointly owns with Guardian Media Group GMG.
  http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/5488802/Apax-writes-down-investment-in-Emap-business-to-zero.html

• We're still waiting for a banking shakeup
  3 Jun 2009 19:14

  So far the punishment meted out to the banking sector does not fit the crime suggests Edmund Conway.
  http://www.telegraph.co.uk/finance/comment/edmundconway/5438638/Were-still-waiting-for-a-banking-shake-up.html

• ExBT boss Ben Verwaayen in firing line over losses
  15 May 2009 5:57

  Former chief executive's relaxed managerial style has been partly blamed for problems at Global Services as units had too much autonomy
  http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/5325650/Ex-BT-boss-Ben-Verwaayen-in-firing-line-over-losses.html

• Elderly turn to wartime thriftiness during recession says Age Concern
  10 May 2009 14:53

  Seven out of 10 people from the older generation are turning to wartime thriftiness to make their money go further during the recession according to research.
  http://www.telegraph.co.uk/finance/financetopics/recession/5303320/Elderly-turn-to-wartime-thriftiness-during-recession-says-Age-Concern.html

• Why Iraq deserves membership of the WTO
  5 May 2009 13:01

  A highprofile Iraqi delegation visited London last week to make the case for investing in the country. Mike Pullen explains what is at stake for the country's future.
  http://www.telegraph.co.uk/news/worldnews/middleeast/iraq/5278196/Why-Iraq-deserves-membership-of-the-WTO.html

• Lloyds chief in line for £4m share award
  30 Apr 2009 20:38

  Eric Daniels who waived his cash bonus in the light of the plunge in his bank's share price could still make £4m.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5253151/Lloyds-chief-in-line-for-4m-share-award.html

• Interview: Vince Cable Britain's best loved politician
  25 Apr 2009 10:52

  Mary Riddell talks to the respected Liberal Democrat considered to be the best Chancellor Labour never had.
  http://www.telegraph.co.uk/news/newstopics/politics/5219221/Interview-Vince-Cable-Britains-best-loved-politcian.html

• London's empty office space tops 10m sq ft
  8 Apr 2009 17:42

  More than 10m sq ft of office space now lies empty in London's financial district as the recession bites.
  http://www.telegraph.co.uk/finance/financetopics/recession/5126359/Londons-empty-office-space-tops-10m-sq-ft.html

• Goldman considers share sale
  4 Apr 2009 21:27

  Goldman Sachs is considering a multibillion dollar share issue to fund the repayment of its 10bn US government loan.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5106900/Goldman-considers-share-sale.html

• Markets shudder as inflation rears head
  25 Mar 2009 5:34

  Money markets were rocked on Tuesday after inflation rose to City forecasters' surprise and the Bank of England indicated that it may reconsider its plan to pump extra cash into the economy.
  http://www.telegraph.co.uk/finance/financetopics/recession/5045285/Markets-shudder-as-inflation-rears-head.html

• HSBC says taking state funding is "unthinkable"
  16 Mar 2009 18:08

  HSBC is very well capitalised and will not need a Government bailout the bank's finance director has said.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5001640/HSBC-says-taking-state-funding-is-unthinkable.html

• Business minister says it's not Government's job to ensure businesses survive
  10 Mar 2009 18:51

  The Government's role during the recession is not to "ensure that businesses survive" a business minister Lord Carter has admitted.
  http://www.telegraph.co.uk/finance/financetopics/recession/4969025/Business-minister-says-its-not-Governments-job-to-ensure-businesses-survive.html

• GM warns of bankruptcy impact
  7 Mar 2009 22:19

  
  http://www.telegraph.co.uk/finance/newsbysector/transport/4954060/GM-warns-of-bankruptcy-impact.html

• UKFI seals bonus deal
  7 Mar 2009 21:40

  Lloyds Banking Group is to pay out about £80m in cash bonuses to staff under an agreement with UK Financial Investments UKFI the Treasury body which is poised to become its majority shareholder.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4954937/UKFI-seals-bonus-deal.html

• Lehman Brothers: from investment banker to Italian food supplier
  24 Feb 2009 15:11

  Natasha Rogoff 31 lost her job at Lehman Brothers in September now sells Italian food and produce at Farmers Markets throughout London.
  http://www.telegraph.co.uk/finance/personalfinance/consumertips/4799191/Lehman-Brothers-from-investment-banker-to-Italian-food-supplier.html

• BMW announces 850 job losses at Mini car plant
  16 Feb 2009 10:16

  Union warns "tens of thousands" more British motor industry jobs at risk as BMW cuts 850 staff in Cowley.
  http://www.telegraph.co.uk/finance/jobs/4637750/BMW-announces-850-job-losses-at-Mini-car-plant.html

• Sir James Crosby to fight claims he ignored warnings at crisishit HBOS
  14 Feb 2009 22:13

  Sir James Crosby the former chief executive of HBOS last night vowed to defend himself against accusations that he ignored warnings about risky lending practices at the crisishit bank.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4625422/Sir-James-Crosby-to-fight-claims-he-ignored-warnings-at-crisis-hit-HBOS.html

• John McFall is the perfect scourge of fallen UK bankers
  14 Feb 2009 21:37

  Smaller than you would expect and looking grey and exhausted John McFall MP doesn't much look like the nemesis of failed bankers.
  http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4624578/John-McFall-is-the-perfect-scourge-of-fallen-UK-bankers.html

• Army major kills himself over Bernard Madoff fraud debts
  12 Feb 2009 19:33

  An army major killed himself after losing hundreds of thousands of pounds in the alleged investment scam headed by Bernard Madoff.
  http://www.telegraph.co.uk/finance/financetopics/bernard-madoff/4603017/Army-major-kills-himself-over-Bernard-Madoff-fraud-debts.html

• Treasury committee MPs miss chance to grill bankers in detail about their role in crisis
  10 Feb 2009 21:27

  John Mann Labour MP for Bassetlaw Nottinghamshire spoke more in sadness than in anger.
  http://www.telegraph.co.uk/finance/comment/richardfletcher/4583695/Treasury-committee-MPs-miss-chance-to-grill-bankers-in-detail-about-their-role-in-crisis.html

• Toxic debt scheme may cost UK banks £16bn in fees
  8 Feb 2009 18:57

  Britain's stricken banks may have to pay £12bn£16bn in upfront fees to participate in the Treasury's toxic debt insurance scheme.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4560998/Toxic-debt-scheme-may-cost-UK-banks-16bn-in-fees.html

• UK Recession: Timeline of how the British economy has been hit
  23 Jan 2009 7:43

  The current economic crisis which is set to plunge the UK officially into recession has revealed shaky foundations in banking institutions that once seemed invincible.
  http://www.telegraph.co.uk/finance/financetopics/recession/4320827/UK-Recession-Timeline-of-how-the-British-economy-has-been-hit.html

• Cost of personal loans rises amid concerns about borrowers defaulting on loans
  22 Jan 2009 17:15

  The cost of personal loans has risen sharply since the beginning of the credit crisis amid concerns about borrowers defaulting on their repayments research reveals.
  http://www.telegraph.co.uk/finance/personalfinance/borrowing/4316456/Cost-of-personal-loans-rises-amid-concerns-about-borrowers-defaulting-on-loans.html

• Fred Goodwin and HBOS' Andy Hornby summoned in Holyrood inquiry
  20 Jan 2009 18:19

  The bosses who led Scotland's two greatest banks to the brink of bankruptcy will be summoned before a Holyrood inquiry to explain their actions.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4299429/Fred-Goodwin-and-HBOS-Andy-Hornby-summoned-in-Holyrood-inquiry.html

• Bank bailout plan announced by Alistair Darling
  19 Jan 2009 8:13

  Chancellor admits he has no how much measures will cost but insists the latest rescue package is essential to prevent a collapse in the economy.
  http://www.telegraph.co.uk/finance/financetopics/recession/4287898/Bank-bailout-plan-announced-by-Alistair-Darling.html

• Barclays Jaguar Land Rover and Zavvi: almost 3000 job losses
  14 Jan 2009 12:48

  Barclays Jaguar Land Rover and Zavvi have announced almost 3000 combined job losses in the UK within hours of the Government unveiling a multibillion pound small firms rescue package.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4239406/Barclays-Jaguar-Land-Rover-and-Zavvi-almost-3000-job-losses.html

• Northern Rock shareholders demonstrate over government compensation
  12 Jan 2009 23:56

  Northern Rock shareholders have taken part in demonstrations ahead of today's court hearing into levels of Government compensation.
  http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4225306/Northern-Rock-shareholders-demonstrate-over-government-compensation.html

• Tories regain doubledigit lead over Labour
  12 Jan 2009 23:43

  The Conservatives have regained their doubledigit lead over Labour after Gordon Brown's bounce during the financial crisis stalled according to a new poll.
  http://www.telegraph.co.uk/news/newstopics/politics/4225301/Tories-regain-double-digit-lead-over-Labour.html

• Inchcape eyes fundraising as car market worsens
  10 Jan 2009 21:29

  The car dealership Inchcape is considering a significant fundraising amid the steepest sales downturn in recent history.
  http://www.telegraph.co.uk/finance/newsbysector/transport/4213891/Inchcape-eyes-fundraising-as-car-market-worsens.html

• The end of the world? No just madness
  1 Jan 2009 17:06

  The economic upheavals of 2008 did not bring financial armageddon but don't expect any respite next year says Martin Vander Weyer.
  http://www.telegraph.co.uk/comment/4060724/The-end-of-the-world-No-just-madness.html

• Morgan fashion chain latest retailer to collapse into administration
  31 Dec 2008 15:27

  Morgan the French fashion chain has become the latest victim of the crisis on the high street collapsing into administration.
  http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/4045686/Morgan-fashion-chain-latest-retailer-to-collapse-into-administration.html

• CBI chief begs 'don't axe jobs'
  28 Dec 2008 19:48

  Employers should try to safeguard jobs and be prepared for deeper government intervention as more businesses are bailed out the head of the CBI has said.
  http://www.telegraph.co.uk/finance/financetopics/recession/3999635/CBI-chief-begs-dont-axe-jobs.html

• Busiest Boxing Day is unlikely to save High Street slump
  26 Dec 2008 19:17

  High street stores saw a stampede of shoppers as millions took advantage of unprecedented price cuts in what retailers described as the busiest Boxing Day sales in memory.
  http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/3965215/Busiest-Boxing-Day-is-unlikely-to-save-High-Street-slump.html