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March 2008
- Northern Rock: Post Mortem of a Spectacular Fall
  
  Bloomberg | Mar 20, 08 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 one analyst of the bank’s hard-charging and ambitious management team. "They should have had other levers to pull." Unable to save itself or attract a buyer, the bank sarcastically called Northern Wreck was taken over by the government last month. More »
  
  Tags
  
  credit crisis • subprime crisis • Northern Rock • Bank of England • bank failure • CDO • Adam Applegarth
December 2007
- Northern Rock Boss Quits as Fall Continues
  
  Financial Times (UK) | Dec 13, 07 7:54 AM CST
  
  (Newser) - The CEO of collapsing British bank Northern Rock quit this morning without comment, reports the Financial Times . Adam Applegarth resigned last month but had pledged to stay on as CEO until the end of January to guide the struggling company through its upcoming sale. But investors are troubled by the slow speed of the transaction, with Applegarth taking the blame. More »
  
  Tags
  
  credit crisis • United Kingdom • Gordon Brown • Richard Branson • Northern Rock • Virgin Group • Adam Applegarth

2 Stories

Premium Articles from HighBeam

Applegarth was not the only bad boy at Rock
Sep 15, 08 | Evening Standard - London
Rocky road ahead.(Brief article)
Aug 7, 08 | Financial Adviser
Applegarth has some more explaining to do
Jul 22, 08 | Evening Standard - London
Northern Rock spends [pounds sterling]130,000 on legal action driving 'whistle...
Jul 20, 08 | The Mail on Sunday (London, England)
Rock's cricket club payout.(News)
Jul 7, 08 | Evening Chronicle (Newcastle, England)
BOWLED AS BRASS; EXCLUSIVE Northern Rock chief gave pounds 150k to own cricket...
Jul 7, 08 | The Mirror (London, England)
Nocomment on Applegarth job rumours
Jul 5, 08 | The Northern Echo
Applegarth set for a comeback.
Jul 4, 08 | The Daily Mail (London, England)
A NEW sugary,.(Features)
Jun 20, 08 | Daily Post (Liverpool, England)
Rock ponders action.
Jun 19, 08 | The Daily Mail (London, England)

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