The opening line of Northern Rock’s annual report, out today, deserves to win an award for understatement:
"2007 was a difficult and challenging year for Northern Rock"
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Faceless Bureaucrat
March 31st, 2008 12:02pm...and just remind me again, how much exactly did they pay Applegarth for overseeing the biggest Bank collapse in British history?...
EyeSee
March 31st, 2008 1:28pmFailed bank? OK the £500m profit has gone, but the Government appointee currently running the bank says he will repay the publc's £24billion pounds within 2 years. Just the sort of thing Brown wants to hear. And from such an impartial source.