Alistair Darling, a British lawmaker and cabinet minister who played a leading role in his country’s response to the 2008 global financial crisis, rescuing troubled banks with huge injections of public money that staved off a broader economic collapse, died on Thursday at a hospital in Edinburgh.
Darling became “best known as the steady pair of hands who shepherded the U.K. economy as half its banking system collapsed,” noting his moves to rescue British banking giants, especially the Royal Bank of Scotland.
Just before the crisis, in 2007, Gordon Brown, Britain’s Labour prime minister at the time, elevated Mr.
Darling to chancellor of the Exchequer, the government’s most senior official in charge of the nation’s finances.
Darling had held a series of government offices at the Treasury and at ministries dealing with welfare, pensions, trade and transport.
Persons:
Alistair Darling, Darling, Gordon Brown
Organizations:
Lehman Bros, BBC, Royal Bank of Scotland, Labour, Treasury
Locations:
British, Edinburgh, United States