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Northern Rock: Post Mortem of a Spectacular Fall

Reckless play on global stage brought 'Northern Wreck' to its knees

By Jim O'Neill, Newser User

Posted Mar 20, 2008 1:49 PM CDT

(Newser) – The collapse of Northern Rock, Britains third-largest lender, was "the messiest banking crisis in the Western world resulting from the global credit crunch,'' a UK lawmaker tells Bloomberg in a post mortem of the disaster. “They really screwed it up,” said... Read full story »

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Northern Rock: Post Mortem of a Spectacular Fall

Reckless play on global stage brought 'Northern Wreck' to its knees

CDO • credit crisis • Northern Rock • Bank of England • Adam Applegarth • subprime crisis • bank failure • financial crisis

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More Newser Stories

Lehman Posts $2.8B Loss, Stuns Wall St.

Investors fear that banks, securities firms still in trouble

Rogue Traders Bag $200M in Credit Hysteria

False emails drive down stock of UK mortgage lender

Feds Brace for a Wave of Bank Failures

FDIC hires extra staff to help with boost in 'problem' banks

Wreck of IndyMac Sold for $13.9B

Soros, Dell among the players in FDIC's damaged-goods sale

How Iceland Went From Codfish to Meltdown

Country built a huge financial bubble based on a vulnerable currency

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