Financial Times FT.com

Rock pulls savings offers amid flight to safety

By Maggie Urry

Published: October 2 2008 09:18 | Last updated: October 2 2008 09:18

Northern Rock, the mortgage bank which was taken into state ownership in February, said on Thursday it had withdrawn several of its savings offers after a rush of customers wanted to invest in them.

The move follows a “flight to safety” by savers fearing that they could lose money deposited in banks made vulnerable by the global liquidity crisis.

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