Sunday, September 16, 2007
Gurgle gurgle went the plug-hole
Northern Rock withdrawals at £2bn
"People with accounts at the Northern Rock have withdrawn almost £2bn since Friday... the firm, the UK's fifth biggest mortgage lender, is bracing itself for more withdrawals in the coming days. It is also understood that the firm was close to being sold to one of two UK banks before it sought emergency funding from the Bank of England. However, these deals fell through because of the state of world markets."
Posted by disillusioned @ 01:20 PM (429 views)
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