A decade ago, on 20 July 2007, former Federal Reserve chairman Ben Bernanke warned failures in the US sub-prime lending market could cost up to $100bn.
At the time, investors appeared to shrug off concerns about serious problems brewing in the banking sector, with the Dow Jones Industrial Average closing above 14,000 for the first time. Little did...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash