Ten years ago, fretting depositors formed lengthy queues in front of Northern Rock bank branches across the UK after news broke that it needed support from the Bank of England.
Six charts that show how much the world has changed since the 2007-08 financial crisis
The country’s fifth-largest mortgage lender, it was in real danger of running out of cash.
People were anxious to withdraw their money.
They all managed to do so.
But not without the intervention of the Bank of England, the UK’s central bank and lender of last resort, which provided emergency funding.
It was the moment the financial crisis first became real to many.
Deep-rooted issues with the global financial system had become evident a few months previously with the freezing of lending between banks.
It meant that credit was disappearing and…