Friday, September 14, 2007

This will hit other banks

Northern Rock shares slump

...Britain's fifth-largest mortgage provider. It has become the first major UK financial institution to run into serious difficulties as a result of the global credit squeeze, which has seen lending among banks shudder to a halt.

Posted by inbreda @ 09:11 AM (718 views)
Please complete the required fields.

6 thoughts on “This will hit other banks

  • I was posting blogs on here about 6 weeks back on Northern Rock and somebody whose name I did not recognise immediately ridiculed my post. I wonder if that same poster is reading this he would like to comment!
    Northern Rock down 20% today thus far.

    On another note I have friends who work at “The Rock” and by all accounts it is an excellent company to work for, so I hope their problems are addressed.

    On another note at least one other “major” UK lender is suffering.

    Please complete the required fields.

  • This morning a very humble head of Northern Rock was on Radio 4 stating that no one foresaw what happened on August 9. Apparently it was completely unexpected. No one predicted it apparently.

    Ha ha ha ha ha ha ha ha ha

    What a joke. Now I understand why Merv has been rabbiting on about moral hazard this last week – talking tough so this bailout wouldn’t be seen for what it is.

    Will be interesting to see if they manage to prevent a run on customers’ accounts. Feel sorry for any savers in Northern Rock. The executives should be persecuted, err I mean prosecuted.

    Please complete the required fields.

  • Just tried to access Northern Rock’s internet banking service, only to get the message:
    “Due to a temporary technical issue, we are not able to offer our full range of services. We expect to resume normal service shortly.”

    I wonder why.

    Please complete the required fields.

  • So what, house prices can only ever go up. 😉

    Please complete the required fields.

  • Denzil…

    The other lender. Could it be B*rc^!ys?????????????????????

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>