Protection money
UK deposit insurance scheme should be pre-funded. Unless this plan is accepted in the bad times, no one will be willing to pay in the good
Northern Rock nationalisation
Resources
The nationalisation of Northern Rock has angered shareholders and shocked the private bidders who hoped to take over the stricken lender
More in this section
Rock turns to Barclays for new chief
The state-controlled lender hired Gary Hoffman, a Barclays veteran of 26 years, as its new chief executive to replace Andy Kuipers. Ron Sandler, executive chairman, will move to a non-executive role
Belt-and-braces bid to banish N Rock nightmare
Measures aim to avoid another crisis
FSA Northern Rock overseer gets pay-off
Regulator received more than £500,000
Northern Rock probes previous board
New management examines legal action option
Sandler plots Rock’s rebirth
Executive chairman says bank can be revived
Related content and features
Comment and Analysis
Northern Rock’s results
With almost surreal understatement, Northern Rock’s executive chairman described 2007 as “challenging”. Given that the bank went bust, one shudders to think what a terrible year might be
Why banks make business fume
The recent bail-outs of Northern Rock and Bear Stearns suggest that the state must sometimes roll its frontiers forward to protect the rickety construct that is the market. That will make government interference harder to deflect in future, writes Jonathan Guthrie
Self-regulation plus
Hard regulatory change is needed, but authorities must also make use of banks’ willingness to be tougher on themselves
