Just in case you’ve forgotten how close authorities thought we’d gotten to the economic abyss last year…
The Financial Services Authority demanded 60-minute updates on cash flooding out of the bank’s branches and hole-in-the-wall machines in the days before Britain’s historic bank bailout, which took place a year ago.
The regulators stepped up their surveillance after realising confidence was draining from the banking system following the collapse of Lehman Brothers a month earlier and customers were concerned about the safety of their deposits.
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