A long line of panicked Northern Rock customers queueing to withdraw cash in September 2007 became one of the most memorable images of the financial crisis in the UK.
A stream of regulation aimed at preventing a repeat of the financial crisis has since led to a clampdown on risky banking practices and a strengthening of lenders’ reserves.
Even so, some of the risky practices used by Northern Rock and other lenders have re-emerged in different guises, especially in consumer credit according to the Financial Times.
