Five years after the credit crisis struck the world’s banks – and killed some off – a group of GCs tell Caroline Hill about how they weathered the storm and how their roles have changed since
It is 2008. The collapse of the US sub-prime mortgage market and subsequent liquidity freeze is biting hard. Northern Rock, which in late 2007 suffered a run on the bank and near unprecedented scenes of public chaos, is nationalised. US mortgage lenders Fannie Mae and Freddie Mac are rescued by the US Government.
