Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Story Of The Recession

  • Login to see the comments

  • Be the first to like this

Story Of The Recession

  1. 1. The story of the recession<br />Lloyds takes over HBOS<br /> $700Bn Bailout approved by congress<br /> UK Government rescues RBS & Lloyds-HBOS<br /> Fed cuts key rate to near zero<br /> US congress passes $787Bn stimulus<br /> G20 Summit in London<br /> UK Budget reveals huge deficit<br />HSBC warns of Subprime losses<br /> New Century goes bust<br /> Credit markets freeze<br /> Run on The Rock<br /> Bear Stearns Rescue<br /> Fannie Mae Rescue<br /> Lehman Brothers goes bankrupt<br />