Sunday, September 30, 2007
The Future’s Not Bright For Northen Rock
Northern Rock facing afterlife as 'zombie'
The stricken mortgage lender could be force to close to new business as profits face being wiped out by interest payments to the Bank of England...
Posted by garyb @ 07:35 PM (923 views)
8 thoughts on “The Future’s Not Bright For Northen Rock”
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paul says:
And all because of the Bank of England’s independent, prudent and wise management of the whole affair.
Keep watching – I wouldn’t be surprised if the Bank of England actually does lower the rate. On the other hand, the Mervyn could tell them to change their business model …. nah, silly idea.
Brit1234 says:
Let them burn
uncle tom says:
“The stricken mortgage lender could be force to close to new business”
– I’m expecting that…
I have a feeling that the Bradford and Bingley’s current advertising campaign was cast in stone rather a long time ago – they might have to eat their hat(s)…
Rimmer says:
I wouldn’t be surprised if Northern Rock became History personally, how can it really turn its fortunes around? all debt and very little light on the horizon
Orwell says:
Rimmer,
They won’t let it go. The consequences would be catastrophic for the city….
They will sell it to anybody no matter how crooked for a £1 if necessary….
cornishman says:
cornishman says:
cornishman says: