A Happy Go Lucky Banker Pocketing a £ 2.5 Million Bonus Found Dead Because Of a Concience?

One of the first banks to collapse as the result of  “irresponsible” banking practices was Northern Rock. The bank collapsed after it became known that the bank needed emergency funding from the bank of England in 2007. The treasurer at the time was a gentleman by the name of Keith Currie. According to the Daily […]

Here comes the rip off: By Andrew Porter, Robert Winnett and Edmund Conway

By Andrew Porter, Robert Winnett and Edmund Conway Last Updated: 1:03am GMT 20/02/2008 Page 1 of 2 The bankers take the risk and the tax payers pay when it goes wrong.  The cost of the Northern Rock crisis has reached the equivalent of £3,500 for every taxpayer as experts warned that the nationalisation rescue of the […]

UK crisis bank Northern Rock to be nationalized

LONDON, England (CNN) — Troubled British bank Northern Rock, which has been hit hard by the credit crunch, is to be nationalized UK finance minister Alistair Darling confirmed Sunday. Customers line up to withdraw cash from a Northern Rock branch during the height of the crisis. Darling, speaking at a hastily convened press conference in […]