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banking or the failure of the Bank of Ireland to act as a lender of last resort were to blame. We also find that the main …
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imbalances. A system of corruption and collusion with politicians and journalists enabled the bank managers to run risky and …
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In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
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