How the FTSE 100 has changed five years on from Northern Rock

Five years on from the credit crunch which sent global stock markets into disarray and ruined many banks around the globe, including Northern Rock in the UK, the landscape for investors has changed considerably.

Back in 2007 the three largest banks had a 12% weighting in the UK's leading share index, with HSBC, Royal Bank of Scotland and Barclays all featuring among the top ten largest stocks. However, five years on from the collapse and subsequent nationalise of Northern Rock, the sector's dominance has waned, with investors across the board becoming disillusioned with the sector. Today just one bank - HSBC -remains among the top ten largest in the country, while the total sector index weighting has fallen to 9.8%. While banks have suffered other firms have thrived, with the Oil & Gas sec...