This two-part article assesses the 2007/08 financial crisis: explaining how a speculative bubble began, grew and eventually burst; comparing it to the Great Crash of 1929; and assessing the possibility and practicality of a split between commercial and investment banking activities being enacted either in the US or the UK, with consideration for the global nature of modern banking. This second part of the article examines the development of the bubble and responses to the crisis in the UK.
Business Law Review