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he Sunday Times. "The point is the connectivity between them in relation to their financial transactions." He stressed that failed US investment bank Lehman Brothers did not have retail deposits, but was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the l
Page: HOUSE_OVERSIGHT_030488 →but was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the large-small thing doesn't run - Northern Rock was very small in global terms but systemically it was quite important when it got into trouble." The UK will continue working with the US on banking
Page: HOUSE_OVERSIGHT_030488 →Sunday Times. "The point is the connectivity between them in relation to their financial transactions." He stressed that failed US investment bank Lehman Brothers did not have retail deposits. but was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the
t was allowed to go to the wall with disastrous consequences for the global financial system. He said: "Equally the large-small thing doesn't run - Northern Rock was very small in global tem.; but systemically it was quite important when it got into trouble." The UK will continue working with the US on banki
Sunday Times. "The point is the connectivity between them in relation to their financial transactions." He stressed that failed US investment bank Lehman Brothers did not have retail deposits. hut was allowed to go to the wall with disastrous consequences for the global financial system He said: "Equally the
ut was allowed to go to the wall with disastrous consequences for the global financial system He said: "Equally the large-mnall thing doesn't nut - Northern Rock was very small in global tens but systemically it was quite important when it got into trouble." The UK will continue working with the US on bankin
Entities connected to both Lehman Brothers and Northern Rock

Jeffrey Epstein
PERSON
Credit Suisse
ORGANIZATION
Barack Obama
PERSON
Samantha Power
PERSON
U.S. Treasury
ORGANIZATION
Jes Staley
PERSON
Alistair Darling
PERSONPress Association City Staff
ORGANIZATION
Lord Myners
PERSONthe Government Secure Intranet
ORGANIZATION
Holly Williams
PERSONBIS CORP
ORGANIZATIONBenger Sophie
PERSONSophie Benger
PERSONInnovation & Skills
ORGANIZATION