Article 2YS5E Alistair Darling: 'RBS said it would run out of money in early afternoon'

Alistair Darling: 'RBS said it would run out of money in early afternoon'

by
Angela Monaghan
from on (#2YS5E)

Ex-chancellor says scariest moment of financial crisis was when he took call from RBS and asked how long bank could last

Alistair Darling has revealed his "most scary moment" of the financial crisis, which began a decade ago.

The former Labour chancellor of the exchequer said he received a shocking phone call from Royal Bank of Scotland in 2008, revealing a run on the bank.

Related: What the 21st century can learn from the 1929 crash | Larry Elliott

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