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Clydesdale had prided itself on sailing a careful route through the credit crunch of 2008 and 2009.
BBC: Clydesdale Bank
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We are all understandably interested in what Bank of England deputy governor Paul Tucker and other senior officials may or may not have said about the Libor to Bob Diamond or other bankers, at the height of the credit crunch in 2008.
BBC: Inconvenient truths about Libor
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Three years from now, we won't be worrying at all about the demons of the 2008 credit crunch.
FORBES: Magazine Article
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The previous low, of 663, came in December 2008, during the depths of the credit crunch.
WSJ: Global Shipping Faces More Choppy Waters
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The heart of the matter is that in 2008, at the height of the credit crunch, the perception of banks' financial strength was linked to how much they had to pay to borrow.
BBC: What did Bank of England say to Barclays about Libor?
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When the economies of the West collapsed in 2008, it was blamed on a credit crunch.
FORBES: Listen Up Bernanke, QE Is Not The Answer
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"We expect the second half of 2008 will be more challenging than the first half as weak economic conditions and the consumer credit crunch continue, " said, Jim Farley, group vice-president for marketing.
BBC: Fresh troubles for US car giants