Black Horse Ride by Ivan Fallon
Longlisted for the Financial Times & McKinsey Business Book of the Year Award 2015. In September 2008, HBOS, with assets larger than Britain's GDP, was on the edge of bankruptcy. Its collapse would have created the biggest economic crisissince the 1930s and a major political disaster for the Labour government. HBOS was rescued by Lloyds TSB, one of the country's strongest banks, in circumstances that have since become the stuff of City legend.Gordon Brown, known as the 'midwife' of the deal, was accused of 'jamming' the two banks together over a drink at a cocktail party with Sir Victor Blank, theBlack Horse bank's chairman. He didn't - but without his intervention it couldn't have happened.Black Horse Ride tells the inside story of what really occurred in the aftermath of the crash of Lehman Brothers, perhaps the worst single day in banking history, when even the mighty Merrill Lynch had to be rescued and HBOS had to be bailed out. Through a compelling cast of high-profile bankers, politicians and investors, Ivan Fallon brings together the accounts of all the power players involved in this dramatic saga for the first time - including the key roles played by the Governor of the Bank of England, the Prime Minister and the Treasury.
'Riveting.. Black Horse Ride gallops away, is faster paced than most thrillers, and should be read by everyone remotely interested in what happened to British banking over the past few decades.' - Independent on Sunday; 'A pacey, exceptionally well-informed and grimly riveting account that illuminates in microcosm the greatest economic disaster this country has suffered since the Great Depression.' -The Times; 'It is hard to believe we need another book about the banking crisis [...] Ivan Fallon, however has found a juicy new target in Lloyds' 2009 purchase of Halifax Bank of Scotland.' - Sunday Times
Ivan Fallon was for many years one of the leading financial journalists in Britain. He was City editor of the Sunday Telegraph and deputy editor and business editor of the Sunday Times, and was twice named Financial Journalist of the Year. He was CEO of Independent News & Media UK until 2010. His previous books have included the bestsellers Billionaire: The Life and Times of James Goldsmith and The Brothers: The Rise & Rise of Saatchi & Saatchi.
| SKU | Unavailable |
| ISBN 13 | 9781849546423 |
| ISBN 10 | 1849546428 |
| Title | Black Horse Ride |
| Author | Ivan Fallon |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Biteback Publishing |
| Year published | 2015-06-11 |
| Number of pages | 320 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |