How sustainable is the UK financial sector's recovery?

LEHMANS SPECIAL

Hardeep Tawakley takes a closer look at how the UK's banks have regained some of their strength following the collapse of Lehman Brothers and what the future holds for the sector.

If there was one thing Lehman Brothers going bust in September 2008 proved, it was financial institutions, no matter how big, could fail. Following the fall of Lehman Brothers, several UK banking institutions also came close to the edge. Lloyds, Halifax Bank of Scotland (HBOS) and Royal Bank of Scotland (RBS) received a £37bn injection from the government. Lloyds was forced to merge with HBOS with the government taking a 39% share. Meanwhile RBS, in exchange for a billion-pound bail-out, is now around 80% owned by the taxpayer.  Back to black Fast forward five years and the fi...